Why is THIS stock in the red? (DPS) ? Quit listening to Varchild
*crud* I can't be too greedy and selfish here...
But even though yesterday I said DPS peaked around $28.00 where $28.00 is a pivot point....
That analysis was not structured around the OIL price falling downward through the $69.00 barrier.
If OIL is trending down....that usually means Beverage Sector should go up...waaaay up.
DPS owns 60+% of their bottling business. Therefore suffers mightily when OIL goes UP.
So therefore...OIL going down???? Why is my stock in the red here Wall Streeters?
I can say DPS peak is $28.00....But that doesn't matter....Oil Down ,,,,,,Beverage up......
I fully expect that what I said yesterday is BUNK..... If OIL breaks through and goes to Mid to Lower 60s.... I think we can add a full BUCK to the DPS share price.
That means this MEGA stock rally should have seen DPS up 15 to 30 cents...not down.
*sigh* Doesn't matter... Just sayin....I am bullish on my stock's fundamentals if OIL is collapsing!
Cheaper to TRUCK those DRINKS around the country, you know?