Varchild issues SELL recommendation on shares of (DPS)
1) I AM NOT an analyst.. you know one's that don't read Stocks for Dummies books and actually get paid to BLOG about stocks?
2) FULL DISCLOSURE I own 526 shares of DPS.
Ok... so I am saying, glancing at DPS's ridiculous climb.... and I have to say.... This is OVERPRICED.
I think this one is fairly valued at around $32.50 - $33.50.
It closed at $33.47 but hit an intraday 52-week high of $33.93.
DPS a $34.00 stock??? not yet!!!! not yet!!! I say....
DPS at nearly 15.5 P/E is fairly valued.... any higher..say touching $34.00 and this is just plain PIGGY PIGGY PIGGY OINK OINK OINK SNORT SNORT SNORT.
I have no plans on profit taking DPS as we are very close to the Dividend EX date and frankly I don't profit take a stock I have declared as a "RETIREMENT STOCK."
DPS remains my biggest $ investment in my portfolio. It will always carry a larger $ value than any other investment I get into.... This one's a retirement stock... It's a KEEP FOREVER stock in a sense....
With that said..... While I'd be thrilled to see DPS @ 1 Million $ per share of stock....
We have to realize something.... DPS growth is not in the ballpark of HANS.... It is solid growth to be sure but it is not a HANS growth. So I say 15.4 / 15.5 P/E is fairly valued....
I'd profit take right around here expecially if it starts to go higher tomorrow..... That is only speaking to "STOCK TRADERS" out there...
And realize that I am a moron here.... an idiot... This analysis really is only based on 2 things:
1) 3 Month RSI is near 80% now.
2) GUT FEELING tells me that $34.00 before we get the Q1 earnings report is premature.
I fully expect Q1 earnings to CRUSH estimates..... *pun intended*
I really really do.... going forward DPS will beat earnings or at least match near the high estimates.
But, given that....looking at the Scottrade Earnings Chart.... This one needs to slow down and go sideways for a bit....pullback a little.... WOAW Horsey... WOAW!
Disagree with me on this? Think it should go to $40.00 before we get the Earnings Release?