Bullish Sign? - Bounced off 200 EMA, page-2451

To me....

The issue is industry wide. Maybe its a race to the bottom. Or it could ve sinister game of brinkmanship.

I think companies with deep pockets, true innovation and rational strategy will survive.

MACA to me has this ability. Amidst the issues it remains in profit. Maca is also locking in work like recent coal project by supplying capital to fund early works.

The competition is abatting. Lend lease and Downer pulling their heads in.

I think those that survive will return to better profits. Buy when there is blood on the streets. But choose the best fighter.

RCR probably dead. One less irrational player. More work for others.

A buyout of lend lease by Cimic or Downer would eliminate more competition or by chinese company running theiss or acciona wou ld be good as well.

Less competition, amble work means higher margins. Not far away. Lets see if a few mkre bight the dust.