DOW - Downer EDI

[soulman]

To be honest, DOW looks sick and if they do strike green, it would be because they were sold down too fast, too soon.

Also, there is a possibility of LEI taking a stake in DOW under their anticipated equity raising or even LEI coming up with an offer for 100% of DOW. The risk reward is currently pretty much in equilibrium but if div were to be cut/eliminate to save on cashflow, then it's all downhill for DOW.

Good luck with your trading AA.

[soulman]

Definitely AA. My post was basically saying to stay out of DOW and "IF" they do go green, it would be because short seller buying back to lock in profits or a dead cat bounce.