Use access key #2 to skip to page content.

Varchild2008 (85.84)

Varchild2008 raises opinion on DPS from Buy to Strong Buy..Target Struck!

Recs

1

September 01, 2009 – Comments (1) | RELATED TICKERS: DPS , SVA

*ALERT*   *ALERT*   *ALERT*    Target struck!

DPS struck RSI 55%  at the close! 
Wahooooo!!!

Of course the overall market could punish the stuck further... But I don't care.  I already raised my rating from SELL to BUY last week Friday when the thing went back to its IPO price of $26.50 from the 52-week high of almost $28.00.

With a Standard and Poor's price target of $29.00 and my opinion that DPS should go into the 30s 1st half of next year......  It's a no brainer now at this level.

A buy into DPS today at a 25 handle....55% RSI....  Is potential profit of at least +4.00 when it hits $30.00.

If you are reading this article... You are in for a *REAL* treat... Here's a bonus recommendation....

Varchild2008  who just increased his stake by +164 shares TODAY.... Gives a STRONG BUY rating to (F) FORD!!!

Stock up!  big time....  I am a big believer in the "SHO" which the conference call says is up +50% ahead of Ford's previous expectations for sales orders..... They are getting lots of people at dealerships asking about the SHO right now.

Everyone is DROOOOOOOOLING  over the SHO at my work place....   There's no end in sight to the sheer publicity by way of mouth..cooler talk...that could push people to buy a car even without the Cash for Clunkers.... even in this Horrible Market.....

Bottom line?  at $7.25 or below... BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY  (F) FORD tomorrow.

Of course... I also caution NOT to let the share price exceed $7.50.  Do your buying below $7.50.

I do not want to see the share price with an 8 handle until we get to the Earnings report + September sales figure.

So I am not saying....go buy pointlessly.... DPS.... or go splurge buying (F) FORD with out any care or caution.... HECK NO!!!!!

I am just saying if you can sneak in tomorrow and grab some shares at the current price these 2 stocks are at... long term.... you'll make out like a bandit.

I haven't increased my DPS stake because I am heavily invested in (SVA) which is a running momentum stock this week.  As soon as my SVA runs out of steam... I am dumping SVA straight into DPS.

1 Comments – Post Your Own

#1) On September 01, 2009 at 4:17 PM, Varchild2008 (85.84) wrote:

Clarification...

I've been buying FORD at a pretty much any price at a 7 handle.  I don't really gain much with the share price bouncing around at a 7 handle.

I am not expecting any gains here.. out of FORD.....  Until Like I said we get more clear idea on Post Cash for Clunkers sales.

So I don't care... disagree with me.... feel free....  But, I love my DPS and I love my FORD at the closing price level.

Bought 300 shares or so of F at $5.60 - $5.80.
Bought 50 shares at $7.78
Bought 164 shares at around it's current closing price.

That's my stake... in FORD.... I'm kinda buying it up for as long as it sits at 7.

As for DPS????  If $26.50 is the IPO price... And 2nd quarter was it's strongest Q2....  DPS is not justified to trade below IPO.   PERIOD.   Any time you get DPS for less than IPO is a good time and the lower you can get it the better.

I bought DPS as low as 12.XX.

Report this comment

Featured Broker Partners


Advertisement