A trend reversal - reversed again?
Look like the sellers have moved back in, placing us near the 52 week low again. It seems like DPPI is a thinly traded stock, and then all of sudden, a few large buys, or a few large sells come through. Whenever one or the other happens a few days in a row, the price responds accordingly.
From ragingbull, it seems like production is going to be expanded and that solid financing for future growth are in the works. Let's hope so. More production will hopefully mean that more customers are lined up.
I'm optimistic about the relationship with Costco. I think the hidden benefit is in the review and re-design of the packaging. This should make Dippers even more appealable to the retail market. Face it, in a school setting, the packaging isn't as important as in retail.
Fortunately, I have only a small position in DPPI, and the price drop is merely a chance to double down. The current price, or any further dips, seem to be a good opportunity with a return to 60 cents or more almost a certainty. |
