Thursday, February 1, 2007

MWA/B

Mueller Water B shares continue to interest me. First, water is a solid sector and one that I want to own shares in. Second, after being left behind on the most recent rally in water stocks, witness share appreciation in WTS and FLS for example, MWA/B is finally showing signs that it might be ready to move. Today it has traded over 2 million shares, when its average is around 600,000 a day. A good move with good volume is a good sign. I bought back the shares I sold this morning and am long this stock.

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