Dupont Photomasks (DPMI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dupont Photomasks (DPMI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shankar Kumar who wrote ()	7/17/1999 8:25:00 AM
From: Mike Harvey	Read Replies (1) of 955

Looking for 58 and change pretty soon. Two attempts at downdrafting in the last couple days were met with buying. Volume increasing. Good signs. Earnings are out Wed 28 pre-bell, according to the company. Business simply has to be good, no reason not to expect an impressive earnings report. Imo the backdrop is there for even a blowout report. The technicals are also in good shape; I'd even say 'compelling' if it weren't for the fact that we're now underway with our third attempt since January to beat 51, and we haven't done it yet. But if you look you can see a near classic cup-with-handle formation on the daily chart. You also see one on the weekly chart going back to May of last year, with a nice-looking "W" thrown in to boot. These are not to be ignored. Add extremely positive sector conditions, and therefore the likelihood of impressive earnings, and I find myself assigning 80-20 odds that 51 gets taken out imminently. If it does, there's not much to get in its way until 59. And I'm not even sure how strong THAT particular resistance level actually will be. We shall see. Good luck to all holders.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next