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Re: wweeaazz post# 70045

Wednesday, 06/25/2008 11:06:08 PM

Wednesday, June 25, 2008 11:06:08 PM

Post# of 107353
"In my opinion he could still be selling this stock at 1.2+, we're you reading this board at that time, people were excited there was demand for the stock. PERT sucked the air out of the rally. They were content and very willing to sit at 1.225 and not move it higher, same thing at various levels lower since then. I cant explain it except to think by their actions everything points to them wanting to see this go lower. If they get this to a level where panic sets in they can cover from the same people they sold to at the higher levels. "

The statement above is IMO nothing more than an opinion which seems to have become an urban tale on this board.. The seller has been going thru PERT which clears and places orders for over 200 other firms.. The seller never stopped a rally because the stock was up pre news almost 80% since the Flotation deal was announced and there were some who sold on the news and some as myself paid $1.22 because of possible breakout .. I don't believe that there is any shorts in DPDW other than those created in the market making funtion of DPDW.. The float just got ahead of the stock and I think it is as simple as that..

I was wrong and the value of my DPDW position is down over $50K because of it.. When I started my trip in early June I had to refocus my efforts from trading to investing and this downward movement in DPDW and the results in the value of the position could be blamed of being away from the computer as much as PERT being a seller..

If I had been glued to the computer I might of acted different but,, positive actions taken by DPDW have created a much better investment for the MAJORITY of us.. The balance sheet has been cleaned up,, Flotation is getting orders and sales have been moving up smartly.. The increase in shares has caused more stock to plow thru at $5.00 but that is of little concern today.. Today we have a market in DPDW that has had a negative Bios for the better part of 3 weeks since the Flotation financing was announced.. The market might be having a hard time digesting the thought of additional shares but has ignored the accretive nature of the Flotation purchase.. Whatever happens will not be changed by any one stepping in front of this frieght train and the period that DPDW trades below $1.00 will be much longer than most will have anticipated..

Trading below $1.00 might not be the worst of any that are possible and the fact that DPDW does not need funding is the most positive of all.. My guess is that Dahlman would rather have DPDW trade here than at a $1.50 level for the time being.. Any institution that paid $0.70 is more likely to double up and those that missed out on the cheap shares have another chance.. The next Qtr will be important to those that are measureing progress on a day by day basis but IMO is that DPDW is a long term story that has now a foundation for growth that was not possible previously..

The poison pill was as much a prevention against takeover as the oldboy's cub of management and directors wanting to just get it right and have another notch on the corporate success belt.. This time I believe it will make a final splash that all of them will be proud to bring up a the country club..

I suggest to all that hold and mold is the best course of action at present and 6 months to a year from now we all should be rewarded with a nice profit.. The price in the future is not as important at present as the foundation that has been made to the cashflow of DPDW and it appears that Patience will be rewarded..

Those that cannot wait,,, at this level will have a ready market for any shares they wish to sell,, but at present until I get back in Sept. my thoughts are to hold and mold my DPDW position.. On another board some one suggested that DPDW would be a better buy at $0.20.. I agree and I also think that RIG at a dollar would be a steal.. The possibility of either happining is as remote as Oil trading again at $10.00.. hank








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