Koil Energy Solutions Inc. (KLNG)

[CaesarStone]

Any thoughts on the overhang situation with DPDW?

Posted by: makeamint
In reply to: clarity789 who wrote msg# 68229
Date:2/7/2008 4:41:47 PM
Post #of 68242

Any thoughts on the overhang situation with DPDW?
Are you thinking about getting back in, as we are
back to pre run Sept.07 levels @ .63. from 2.35 whodathunkit

Posted by: clarity789

DPDW?
Here's my take for now...

I'd wait for the sub-40's... as the chart shows, DPDW will soon see a Death Cross (MA50 crossing below MA200)

Estimated time frame? Maybe a week...

Historically, most DC's result in at least a 50% retracement lower.

PR today delivering to SLB...

HOUSTON, Feb. 7 /PRNewswire-FirstCall/ -- Deep Down, Inc. (OTC Bulletin Board: DPDW - News) announced today that it has delivered a Proteus(TM) Active Heave Compensation Unit to Schlumberger for deployment in waters outside the Gulf of Mexico.
http://biz.yahoo.com/prnews/080207/aqth162.html?.v=17