Greetings, I went long in the morning, on the positive of the...

Greetings, I went long in the morning, on the positive of the QTRly but exited in the afternoon, on the news that MAH was the preferred contractor for FMG. IMO, the market has assumed LEI will win the contract and so factored in the possible work when FMG announced that they will go ahead with the Christmas Creek project. This is purely my speculation and it may not have any value.
Fundamentally, based on the QTRly reading, one would expect LEI SP would lift IMO. I will wait for the long confirmation.

Good luck to your tradings

Regards
civaro