Anyone who thinks we're going to see shares bounce like the did after mkt bottomed early March 2009 (Index leapt 30% in 8-9 months with many MS stks quadrupling in price) is dreaming imo. I reckon post GFC mkII the graph will be L shaped. Certain stks will bounce strongly but many heavyweights incl. banks will remain subdued. So no real reason to rush in and buy now. I regret buying half a dozen stks a fortnight ago. i got too greedy. Some have risen e.g. LCM but others are down eg. NWH. I should/could have waited as i believe a slump is coming. What does this mean for biggest engineer of all LEI? IAs posted earlier the company has probs in Mongolia, Indonesia and now margins in Oz being squeezed. New orders are appearing but scant compared with days gone by. If you have to own LEI place order at $14.00. dyor. I'm looking elsewhere.
LEI Price at posting:
$14.94 Sentiment: None Disclosure: Not Held
