Re: NP says UBS recommends buying HudBay, Breakwater
posted on
Dec 09, 2007 10:40AM
Could it be the news on milling operations turning to normal, coupled with these buy recommendations, be the catalyst for a rebound in an oversold and beaten down BWR? Furthermore, from what I have been reading we will see a strong finish in the overall markets as we wind down 2007 and I would say that BWR should participate in that move. Ofcourse nothing is for sure, but when a stock gets knocked down with intense emotional selling as we recently saw with KRY we do generally experience a bounce. And it looks to me like a base has been developed over the last couple of sessions that has stabilized the downfall, hopefully for the next leg up. (as opposed to down so be careful) Here is another link to a news story worth reading:
http://www.canada.com/victoriatimescolonist/news/business/story.html?id=7cf341f8-d637-4533-b70b-259c3b6f136a&k=16308