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DXP Enterprises, Inc. Message Board

  • yobagholderyo yobagholderyo Jun 17, 2006 6:48 PM Flag

    longs shouldn't encourage others to buy

    it will add further selling pressure when PPS does not go up, because almost every buyer of DXPE expect it to go back to $50 in very short time.

    many ERS buyers bought in 30s, thinking a $50 stock @ $30 was a bargain, result, more selling pressure and take the stock to 20s, then another group thought themselves to be bargain hunters, resulted more sell-off, now the stock is almost off mid teens, heading toward low teens.

    i think a fall of 10 points from this point is inevitable, before the next earnings, if they deliver flat earnings, then expect a FORD type of sell-off. (FORD hit high of mid 30s, now under $5)

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DXPE
28.85-0.16(-0.55%)Aug 26 3:59 PMEDT