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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (33791)	3/12/2009 5:11:10 PM
From: E_K_S	Read Replies (1) of 78740

My last Buy for DPDW was at $0.15/share in December 2008. As long as PBR keeps spending money developing their off shore wells, Deep Down should continue to get the support services contracts. PBR traded to a new recovery high today just above $30/share. The only oil company in my group to see a new recovery high since the October 2008 dump. I believe a lot of the Brazil stocks have bottomed. However there are many other U.S. stocks that are priced at fire sale values that IMO are better buys now. I am not too sure how long this relief rally will last but I am going to be quick on my trigger finger to book my s/t gains. The risk/reward for DPDW is quite good. My target is $1.25/share - $1.50/share but I will probably be out at $0.50/share. If so, I will use the proceeds to take a trip to Vegas. EKS

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