Quote:
Originally Posted by 7seven
Close at $8.90 today, announced strong 1st quarter results & dividends again. Heavy instituitional buying in the last week and revised targets to $13. I'm hearing orders of more aircraft from China.
Anyone see PON today, crazy.
|
BBD is under the Aerospace & Defense Industry. The stochastics and macd's look good for Bombardier since mid May. Big money (fund managers) got out of Aerospace & Defense Industry by 20% in the last week. So its kinda weird that BBD went up this high. Keep in mind that BBD is heavily subsidized by government $$. It's the only reason why their fundamentals look ok.