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Anyone trying to get filled for .67? They arent letting go of any .65's
I'm still seeing .65 X .65 1/1
http://stockcharts.com/charts/gallery.html?dpdw
interesting projection on the P&F chart.
Close above the 50dma would be huge.
It definetly could run to all new highs from here.
I know, just wanted to hear you say it...
What about them?
ok... i can agree with all that.
No i didnt. IF these 4 million shares were added to the float and have yet to hit the street then i find that to be bearish. I'm hoping he has sold all or nearly all and that the selling pressure will ease. Someone is holding us down (by selling) i dont think you can argue that...
No i havent misunderstood you. At any rate, i hope the increases to float cease. And i am also hoping that if there is 4+million shares available to actually hit the float (street) that they do so as soon as possible or have already been sold. IMO The additional shares hitting the float are the hand on our neck holding us underwater as we gasp for air.
I didnt know that it could be confirmed that "maybe" he didnt sell by calling TA.
Did you confirm that those were his shares that were added to float and that he indeed hasnt sold any?
Thought that was what i just stated. Only not in those words.
Maybe he hasnt sold but just registered and therefore the raise to float is the same as the shares he has available to register to sell.
Bargain prices, those .5 should be going for at least 1.5 right now...
Thought so , but wanted to clarify things.
You hit the ask for 50k?
Any word on the Dahlman Rose report?
Askers are leaving...
"dilution" may not impact the eps, but it is impacting the pps. At this rate, i dont want to see another aquisition, ascertive or not. The pps decline and lack of support should be addressed.
MM's dont want us to see any green.
That has to be the thickest i've ever seen the bid... 7 mms at .45
Ok. So shares are hitting the float. How much more is there to hit?
If all known shares (that are available and able to) hit the market today... hypothetically... what does the float and the os max at?
=DJ Transocean CEO: Tight Deepwater Rig Supply Foreseen >RIG
--------------------------------------------------------------------------------
Dow Jones Real-Time News for InvestorsSM
10:54 a.m. 02/20/2008
By Brian Baskin
Of DOW JONES NEWSWIRES
HOUSTON (Dow Jones)--Demand for deepwater drilling rigs will exceed supply for the foreseeable future, Transocean Inc. (RIG) Chief Executive Bob Long said Wednesday.
"The deepwater market will remain supply-constrained for a long time," he said during a conference call, adding that clients are beginning to ask about hiring rigs into the middle of the next decade.
Many of the largest oil and gas discoveries this decade have come offshore, often in waters 7,000 feet deep or more. Nearly all deepwater rigs are actively drilling, causing prices, known as day rates, to skyrocket. Deepwater drillers are still seeing strong growth in revenue and profits, even as other service companies warn of a slowdown in 2008. Although drillers will complete 160 new rigs by 2011, Transocean and its competitors see little sign of outstripping demand.
In 2008, Transocean sees prices for its most advanced rigs increasing 9.4% to $371,000 a day. Shallow-water rigs, known as jackups, will see a more modest increase of 4.7%, to $155,000 a day.
Transocean, long the biggest deepwater operator, became owner of one of the largest jackup fleets after it completed its acquisition of rival GlobalSantaFe in November. On Friday, the company said it would sell three jackups in the Gulf of Mexico to Hercules Offshore Inc. (HERO), marking Transocean's exit from the region.
Long said Transocean is not abandoning the jackups, but will leave certain "niche" markets in order "to focus the company on the higher end of the market." The Gulf of Mexico, once home to one of the world's largest jackup fleets, has become something of a backwater in recent years, as the amount of oil and gas taken from shallow U.S. waters has fallen.
Transocean shares recently rose 4.1%, or $5.33, to $135.
-By Brian Baskin, Dow Jones Newswires; 713-547-9202; brian.baskin@dowjones.com
Ask is getting hit pretty good at .6 this morning.
Wouldnt it be something if we closed green any day...
You honestly think the average retail holder is dumping in 20k chunks??
I cant, i'm the idiot that was hitting the ask above $1....
No offense brikk, but you've been warning people not to sell at the bottom of the chart for quite a while now. Its time for the company to step up and let us know whats going on with the stock.
This sucks...
Brikk, who was it as DR you spoke with awhile back?
How many shares are available to be sold?
http://www.stocknetworkonline.com/
Check it out, lots of people from SHO are there.
Huge buys...
Want to get a coffee?
Damn, nice to have the cameras back but they suck.
Received this last month.
Mr. XXXX:
My preliminary review shows that former directors of DPDW had their holdings reduced by about 90% from 50,000,000, to just around 5,000,000 in some shrewd and very shareholder friendly transactions last year. I am unable to tell what their intentions or activity has been as they are private shareholders now.
As to the "sell off?" Such low volume does not strike me as a "run for the exits" but rather, in my opinion, successful retailer shakeouts by savvy MM's, institutions, and brokers. But, realistically, it is nearly impossible to accurately describe who's is doing what in any given day-to-day trading.
I can however, point to the facts - the company's performance has been stellar, on-track to double, or maybe more, its 2006 earnings, two accretive acquisitions under its belt already, and company insiders have not sold a single share, they have, in fact, accumulated more holdings. Take that into consideration for what it is worth.
I am also aware that the small float causes wider swings on smaller volume and IMO the "chartist's philosophy" many traders ascribe to is a self-fulfilling one. Focus on only one metric (i.e., "the backward looking chart") and you get a VERY skewed picture of anything - simple statistics tells us this. Case in point: your company's magnificent actual performance vis-à-vis the current stock price.
Again, in my opinion, with the company's obvious strong performance, why would anyone sell at this point? That is a question you'll have to ask a seller, as their reasons are many and usually different for each individual.
Not that you should take ANY investment advice from me, nor do I give it. However, I have had heard from other shareholders gleefully calling this a "buying opportunity," for what that is worth as well.
I am cognizant of the fact that real money is on the line here; I have watched my own holdings go up and down and, it is fun going up and quite painful going down. But, if your goal is medium and long term investment in a solid company, I can't think of a better company to do due-diligence on than Deep Down and its management, core business, business plan, and industry.
Hope to speak with you soon, and thanks for your continued interest in DPDW
Regards,
--Steve Haag
investor relations
Deep Down, Inc. (OTCBB: DPDW)
ir@deepdowninc.com
281-862-2201 (O)
281-862-2522 (F)
These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to any investment in Deep Down, Inc. I respectfully refer you to Deep Down's filings with the United States Securities and Exchange Commission.
Posted by: chevdawg18
In reply to: A deleted message Date:2/11/2008 12:20:30 PM
Post #of 50481
Mygod, please dont post blatent lies. Ritz has 1,213,592 shares as of December 13th, not including what he has already sold. He has less than 950,000 now. So please do your DD before you post.
This is not a time to be posting misinformation. thanks.
Edit your post please. thanks
pls sell then...
Please explain.