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Author Topic: DNE - Dune Energy, Inc. - AMEX  (Read 1669 times)
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Vegas
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« on: August 07, 2008, 08:23:53 AM »
Possible pincher rebound from a 52 wk low as it attempts to crawl up out of the gutter... Might be worth putting on your radar screen...

http://stockcharts.com/h-sc/ui?s=DNE&p=D&b=7&g=0&id=p34236631034
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Vegas
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« Reply #1 on: August 07, 2008, 03:31:41 PM »
This turned out to be a nice little pinch so far today... Up ten percent and it looks like it has room to go yet... You shmucks didn't even check it out... As my friend Armin from Texass would say, Yee Haw...  Grin
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
boomer
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« Reply #2 on: August 07, 2008, 03:35:11 PM »
looks like a morning star, but lots of resistance at 1.00 to 0.95
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Vegas
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« Reply #3 on: August 07, 2008, 03:40:07 PM »
Quote from: boomer on August 07, 2008, 03:35:11 PM
looks like a morning star, but lots of resistance at 1.00 to 0.95

If you bought at 60 -65 that ain't too shabby... Grin
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
harryk
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« Reply #4 on: August 07, 2008, 03:47:08 PM »
Quote from: Vegas on August 07, 2008, 03:40:07 PM
Quote from: boomer on August 07, 2008, 03:35:11 PM
looks like a morning star, but lots of resistance at 1.00 to 0.95

If you bought at 60 -65 that ain't too shabby... Grin

very true
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Vegas
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« Reply #5 on: August 08, 2008, 03:26:56 PM »
Quote from: harryk on August 07, 2008, 03:47:08 PM
Quote from: Vegas on August 07, 2008, 03:40:07 PM
Quote from: boomer on August 07, 2008, 03:35:11 PM
looks like a morning star, but lots of resistance at 1.00 to 0.95

If you bought at 60 -65 that ain't too shabby... Grin

very true

Up 9% again today at .76. Not too bad of a little gain so far...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
tu
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« Reply #6 on: August 09, 2008, 12:20:21 PM »
Good one Vegas. That was quite a move so far. Declining volume seems to be saying that a consolidation phase is near. Maybe only a short one Monday or Tuesday.

MA50 and Par Sar really not that far away. Is the resistance fairly strong around the 0.80 - 0.89 area?

Looks like it may want to give it a test soon though. What do you think?
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Vegas
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« Reply #7 on: August 09, 2008, 12:45:53 PM »
DNE is a perfect example of a pincher play... I think it could hit .88 where the par sar is sitting. If it breaks that, .96 is a possibility IMO... But regardless of the technical indicators, I will take the profit and run at the first sign of price retreat... Most pincher plays I have followed usually have a huge drop once that pincher run has played out...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Vegas
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« Reply #8 on: August 09, 2008, 12:50:00 PM »
Also, if you look at the +DI, you will see it is starting to level off so this little free ride could end at .80...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
tu
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« Reply #9 on: August 09, 2008, 01:51:42 PM »
Hope for your sake it makes a straight run to 0.96 without the consolidation at 0.80. But I just looked at the weekly chart, and what appears to be a very strong doji with a long lower shadow/wick has formed.

Even though there's heavy selling volume, it appears that for now, it's in an oversold position on the weekly ready for a rebound... to what?... don't know. Next resistance on the weekly is at 1.09. But again, strong resistance at 0.80 -0.89 on the daily.
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Vegas
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« Reply #10 on: August 13, 2008, 09:23:52 AM »
Will have to watch this and maybe jump out at .85 -.90 unless this run breaks to a new level and continues... Bought in a week ago at .63...
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Greg
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« Reply #11 on: August 13, 2008, 10:47:03 AM »
Quote from: Vegas on August 13, 2008, 09:23:52 AM
Will have to watch this and maybe jump out at .85 -.90 unless this run breaks to a new level and continues... Bought in a week ago at .63...

good for you...
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Vegas
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« Reply #12 on: August 13, 2008, 10:59:22 AM »
Quote from: Greg on August 13, 2008, 10:47:03 AM
Quote from: Vegas on August 13, 2008, 09:23:52 AM
Will have to watch this and maybe jump out at .85 -.90 unless this run breaks to a new level and continues... Bought in a week ago at .63...

good for you...

Every once in a while Greg I pick one that actually goes up... Grin
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Vegas
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« Reply #13 on: August 13, 2008, 04:21:49 PM »
My limit sell kicked in at .85 while I was at PT today... Decided it was time to take the money and run as the volume is not real perky on this one... 
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Vegas
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« Reply #14 on: August 14, 2008, 08:58:40 PM »
I see I sold this one a bit too early... Closed at .96 today and looks like it has more to go as it broke past the MA50... Oh well, money be money... Grin Grin
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
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