We just want to update you on DPCH!
DPCH: We are disappointed the way the stock has been performing. But we
are not going to give up. Right now, the stock has been shorted by a hedge
fund in Europe. Because of the terrible market conditions, many hedge
funds just short all kind of stocks as long as they could get stock
certificate. Here is a case for DPCH. One shareholder deposits the stock
in a European brokerage firm and one hedge fund just uses these shares to
short the stock. The stock has small float under 1 million shares. The
short position has been built up about 1 million to 1.5 million shares.
Currently this shareholder is calling his certificate back to exchange
five shares of the stock (forward split), this hedge fund must cover the
position within the next 5-10 days. We should see some interesting
development in the coming days and weeks.
As George Bush is elected to be the next president, oil and gas stocks
should get even hotter. I believe this stock could do very well in the
coming months, because they have a very unique technology and business
model. Right now, several hedge funds will joint the battle against
shorting in the coming days and weeks, as early as tomorrow. We won't see
the stock will be under $0.50 shortly. The stock will be over $1 easily
when the short covers their position.
Good luck all!!!
Stocks2k
AI
