Is GVA Ready for a Bounce?

Always searching for value, I like to consider beaten up stocks as mid to long term investments.
Granite Construction, Inc. (GVA) appears to be promising adequate returns in the coming months.

GVA with its subsidiaries, operates as a heavy civil contractor and a construction materials producer for public and private sector clients in the U. S. Some of its projects include construction and improvement of streets, roads, highways, and bridges.

GVA is selling today at about 33.10, 55.6% below its 52 week high; an average daily volume of 888,000 shares, a P/E of 12, insider buying over the last 6 weeks, and may be ready to break above the 50 day moving average (now at 34).

Time to focus on companies that would benefit from an infrastructure upgrade surge which many states, cities and municipalities are in dire need.

Another Big Bang

With bloody noses from yesterday's action in the stock markets, we'd better be ready to face the next round of attacks from the bears.

Having the financial sector in total disarray, the diminishing value of the dollar, world markets taking hits and a recession well on it's way; I can't see any factors that would make the U.S. markets turn around any time soon. The worst case scenario would be a downward spiral, if that turns out to be, then we haven't much of a clue where the bottom could be.

Good luck, don't despair, keep the powder dry.