FOSTER WHEELER FIGHTS BACK!!!

After getting dominated by hedge fund selling over the past several months and falling from $78 to $33/share, POD fav Foster Wheeler (NASDAQ:FWLT) has announced a massive stock buyback program.  Not only does this filter the forced selling (due to panicky client redemptions) into the company's hands, but also squeezes the shorts who overshot on the downside. 

If you're wondering whether you missed the move in this stock, I think we're just getting started here, and POD's year-end price target on the stock is $65/share.  Remember, this is an ultra long term play on the global buildout not just in China but also the Middle East and many other non BRIC emerging markets.