Deep Blue Marine (DPBE)

[dmlabuda]

I do have an interest in this company. I'm trying to find a place to buy the stock. Yesterday, I noticed the descending triangle and since that is a red flag, I'm going to wait and watch it and try to buy in a few weeks from now. I just thought, since so many of you appear to fundamentalists only, that you might like to know what the chart looks like currently from a technical analysis point of view. So, I'm giving you my opinion that this market will likely go lower because this is the probability when a descending triangle forms on a chart. If I did have a position in this stock and I had a profit to protect, I would be selling here to protect that profit. If I was not in profit, since I hate to take a loss, and providing I was sure of the long term looking bright, I would hold my position and look to cost average down by buying more shares. I might even try to finance that purchase by looking for a place to sell all or part of my holdings for a day trade if and when it does go lower. I'm just telling you what I see based on what I know. If that helps you that's great. If you don't believe me or you're skeptical, then don't do anything. You need to make your own buy and sell decisions. I'm just point out my view of the chart. It's no different than if I heard a rumor that could affect the fundamentals and I spilled that here instead. When it comes to technical analysis, at least you can go and look it up and prove to yourself whether what I said makes sense or not. Hard to do that with a rumor.