CIM 0.00% $22.00 cimic group limited

Ann: CIMIC's CPB & UGL SELECTED FOR M6, REVENUE OF $1.95BN, page-5

  1. 324 Posts.
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    great contract win news today indeed. I know it's a little frustrating to see the share price going down at the open given the magnitude of the contract win. however, I will be concerned if it closes in the red in a consecutive days. you shouldn't be bothered by what happened at the open. usually the retail investors like you and me open the market and the professionals come and close it.

    just my personal observation, just look at the price action so far the stock did trade over and above previous days and weeks highs. this tells me that the buyers are in control and the stock should continue its current uptrend. as long as it's not struggling to break the previous high I'm comfortable and happy to watch the market unfold

    all the best all
 
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