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#114
11-20-2007, 04:06 PM
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Re: First good idea
lol that graph is [censored] nasty
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#116
11-20-2007, 06:51 PM
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Re: First good idea
[ QUOTE ]
What is the 2+2 total loss for this stock so far? I am sticking with SHOE for stock advice. [/ QUOTE ] I'm reasonably sure SM's loss exceeds the rest of 2+2 together. I think I'm down 70k? Krishan
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#117
11-20-2007, 06:53 PM
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Re: First good idea
[ QUOTE ]
[ QUOTE ] I'm going to kill myself if this goes to 4. Krishan [/ QUOTE ] Please don't. eastbay [/ QUOTE ] Meh, god damn leverage. I know what I got myself into. FWIW I still hold a sizable position with a $9 target based on ~80M in EBITDA in '08. I don't think it's a lock as end markets can get worse but management sounded reasonable on the call. If they get rental utilization up to '06 levels i think 80M is likely to get done. Krishan
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#118
11-20-2007, 06:55 PM
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Re: First good idea
[ QUOTE ]
lol that graph is [censored] nasty [/ QUOTE ] I wouldn't mind if a technician came in and told us fundamental guys where the bottom is. [img]/images/graemlins/grin.gif[/img] Krishan I don't really believe in TA and probably can't buy more DSUP from a portfolio balance point of view.
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#119
11-20-2007, 11:16 PM
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Re: First good idea
[ QUOTE ]
I don't really believe in TA and probably can't buy more DSUP from a portfolio balance point of view. [/ QUOTE ] This is a good example why having some TA skills in the tool kit can help as a text book application of TA would have had you out of the stock on the early Nov. break of $7.00. A super simple TA system is currently predicting one of two outcomes: 1.) Based off the the September highs, price is going to mirror the initial 7.5 point drop from 14ish and trade down to about a buck-fifty 2.) Based off the the September highs, price is going to mirror the initial 50 percent drop from 14ish and trade down to $4.50. In the case of the latter obviously price has reached the objective. Depending on any short seller-base in the stock, it may cycle a bit higher as bears realize some very healthy profits. In this scenario, I suspect some short covering will occur and eventually price will settle around $4.50 and churn sideways for the foreseeable future (it is a "rotten tomato" now). In the case of the former, there is more downside as price begins to reflect serious liquidity concerns surrounding the company. This isn't impossible as credit spreads on junk issuers are soaring -- making it much more expensive for companies like DSUP, with upside-down balance sheets, to access capital at reasonable rates. My guess is it trades toward a market capitalization of about $50 million (about $2.70 based on reported issued & outstanding shares) before either getting it's act together or getting delisted and vanishing onto the OTC-BB. Good luck man. I'm pulling for you. 
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#120
11-20-2007, 11:27 PM
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Re: First good idea
[ QUOTE ]
[ QUOTE ] [ QUOTE ] I'm going to kill myself if this goes to 4. Krishan [/ QUOTE ] Please don't. eastbay [/ QUOTE ] Meh, god damn leverage. [/ QUOTE ] Leverage as in leveraged company or leverage as in you hold a margin position? eastbay
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