CIMIC has climbed off the floor ($17.36), and at this moment is $21.01. Yes it's a down day due to this buyout, as the market obviously doesn't like CIM spending money.
Is DVN a good take over or a not so good ? I have not had a look at DVN, but i will today.
My "investment" in CIM was believing some "expert", and I'm deep into the read zone. My average is $30.31 cents, that's after using that falling knife strategy a couple of times.
With all their current contracts, this should go well for CIM.
CIM Price at posting:
$21.22 Sentiment: None Disclosure: Held
