Haven't heard anything. Mon full year result is out. I'm waiting to take a position(short or long) at open. This may pan out to trade like DOW so i'm hoping for gap down. The opening price should also guide the remaining mining services companies (ASL BKN MND NWH ... Etc). I've my powder dry to pounce on the remaining mining services stocks. Have seen this type of trade previously so sector buy/short is also a strategy i use for day trade when others are trading UGL.
Hopefully less bad news but both RIO and DOW have already said the sector is much cloudy over 2013 and 14. UGL still have some problem projects which not yet fully known extent of losses.
Cheers pcyc
UGL Price at posting:
$7.40 Sentiment: Sell Disclosure: Not Held
