Stock Chart

dgw - Another addition to the watchlist

05/19/2010 04:47 AM by Dave Pinsen

Curious what Hesperian, our resident China hand, has to say about this one. Chart looks weak, tops one of VV's highlighted short searches.

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  • 05/19/2010 12:35 PM by Hesperian

    The chart is weak, but not compellingly so, and does have a rich valuation. It was a screaming short in January but not so much now. DGW is in an industry I'm bullish on and I've been meaning to research this for some time as a potential long.

    Rating:
    4
  • 05/19/2010 01:40 PM by Dave Pinsen

    OK, thanks for the heads up. Instead of shorting this, I put limit orders in to re-short HGSI if we get a tiny bounce and to short MMR. Will elaborate on that one in its own message board if the order gets filled. Also picked up an inverse China ETF in an IRA.

    Rating:
    0
  • 05/20/2010 12:36 AM by Hesperian

    Don't get me wrong, DGW will probably be getting hit like the rest of Chinese stocks, but yes I think HGSI has much more potential downside.

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