oversold, page-4

Engineering companies notoriously suddenly announce losses or massive falls in profit

Downer, McMahon, coffee, leightons, wor, etc, few have been ammuned

I am posting from I-phone so not in a position to review recent company announcements , AGM guidance, etc

Where there is smoke there is fire; where there is limited upside & smoke, where there is doubt, it is best to exit these kinds of companies

Just look at COF's chart and read the history of their announcements, how they continually did not meet their guidance and how their performance got worse & worse

It can only takes one bad contract to put these companies into dire straits

Regards