valuation for DNDN but think i'm seeing some pivots of $7.50 , $9 , $11 and a possible $12.50 high to keep in mind At $12.50 DNDN would tag just over a $1bil market cap , something to keep in mind as it trades tomorrow and where it opens up
the beauty was that greenhugh's realism that morning reinforced exactly what i felt as an important pivot that no one might have believed would actually get hit with all those shorts etc etc . Beauty was that nothing but trading scalps were warranted as DNDN traded further down to $14's hovered for an hour more there to eventually swoon down to $12.50 and tag $12 even .
What was really the elegant thing , had anyone bought higher than $14.50 that morning they would have been in for some real painful moments later on , but once finally it hit that $12 pivot this thread had admirably forseen what was as perfect a bounce pt nearly 1 1/2 hrs off $12 .... for nearly 2 1/2 pts (HUGE) . Who would have thought huh , but wonderful read on all parts . ( i get lucky too , lol)
Living proof that sometimes we can get it right and catching that 2 1/2 pt bounce off $12 was almost as good as catching the initial pop of $5 . When you have a little help from your friends speaking out cooly in the line of fire on such a wild trading vehicle and nail such a pivot so well in advance , that's really something . So everyone had an hr in advance notice ...
You CAN get by with a little help from your friends ...you really can . I really needed to hear Greenhugh mention that retrace pivot for it reinforced my idea too . The everyone that wanted to go long DNDN had 1hr to prepare while not getting burned going in too high or too early .
A good thread is a good thread ...waiting patiently for that tag of $12 was such a good read and helped by someone posting early on and timely.... reinforcing what i was seeing . Working together there can be alot of "assuaging" of pain & play the game and not get burned while at the same time --->learning their game ;o)
great trade , great story ...hope theres one a week like DNDN and everyone works together to get the trade right ....
regards
mars
Know how to make God laugh? Tell Her your plans ....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.