Petrofac Not Looking Good... Yet.

Despite being one of the stocks many value Hedge Fund managers claim to have into their portfolio (Cobas Asset Management, Azvalor, First Eagle, Toscafund, Templeton Global etc), it seems the share price has not reached the maturity cycle to attract the bulls... yet. I like the company, but I do not think it is the right time to develop long trading strategies, but the contrary. The loss of the £400.00 will open a highway to new lows.

Good luck fellow traders