3SOF

Thanks rickjust, actually one of our first registered users and the first man who donated something to this website is an Australian too, it's aussietrader 

I find it hard to believe that Livermore talks about Gann in his book «How to Trade Stocks», but if you say so ... I've read «Reminiscences of a Stock Operator» about 5 times and didn't see anything about that theme, I believe.

Considering DESC, me too, I'm starting to get a bit puzzled by this persistent insider selling. Do they know something we don't or are they selling just to meet personal financial needs? It's not just one person, but several insiders selling, not unloading a lot of stock, but continuously selling ...

I have a 13% profit and feeling unease. Plans are important, but flexibility to adapt is even more important. There are several degrees of indiscipline, some more serious than others, and being human, I know I'll break some rules and change some plans ...

Let's take RULE 13: Take big profits and small losses.

1) It's very serious and damaging to my account not to take small losses and to let a loss grow.
2) I should take big profits, but sometimes I just have to accept what the market is willing to give. I can't be ashamed of taking small profits when that's all there is to take.

So I'll take my small profit tomorrow on DESC.

<<So I'll take my small profit tomorrow on DESC.>>

Couldn't have come at a better time either...Cramer just pumped it tonight.

Jody

hi david,
i think you missunderstood me. i didn't mean that livermore mentioned gann in his book ,but, having said that i think i did read somwhere that gann lent him money to get trading again when he was bankrupt. it is not too far fetched considering back in the early twentieth century wall street was a much smaller place and the high flyers would have known eachother. but this is a desc thread , and i was hoping desc would have a decisive down day today rather than the inside day that it had . but i guess i will wait another day.
thanks
maxi

Quote from: David Randolph on August 29, 2005, 07:52:32 PM


Considering DESC, me too, I'm starting to get a bit puzzled by this persistent insider selling. Do they know something we don't or are they selling just to meet personal financial needs? It's not just one person, but several insiders selling, not unloading a lot of stock, but continuously selling ...

178,000 shares is 3.3% of the insider holdings, which I agree is significant. However, 100,000 of those shares is represented by a single sale of shares by one of the directors, James Ozanne. This same party sold 94,000 shares exactly a year ago, in August 04, which leads me to believe that this sale is probably not related to the company's current prospects. 

This leaves 78,000 shares traded by other insiders, just a couple of percent of the shares held, which I don't find worrisome (though I may feel differently in retrospect if the company's fortunes fall!)

While I plan to take some profit today, I intend to keep at least half of my DESC holding and see where it might take me.

As for Cramer, well, I don't blame him for the lemmings, daytraders and shorts who try to exploit his picks; the foundation for most of his picks remains sound, and many of them do well, once all the smoke clears.

EDIT: A couple of people on other message boards voiced their opinions that DESC is a "Gulf play." The company's going business provides high-demand energy systems for facilities that are unable to connect to the energy grid, usually due to their remote location.

Essential services in the Gulf will need to be reliably powered, so this does make some sense. Today's performance was stellar, particularly in contrast to the market's general performance (or, for that matter, to the rest of my portfolio!).

Gulf contracts my never materialize, but the belief that they may should power DESC upward for now. And should a Gulf contract be announced any time soon, DESC will likely explode.

I will continue to hold, I think others should keep a close watch.

Thompson says 30% of today's action was institutional (it's 22% for the month).



Here's a chart (hope this works!) DESC still looks goodto me!

Let me applaud you robt, you've made good research on DESC and were paid for it 

I've made the mistake of changing my initial trading plan without a very strong motive to do so. I wasn't sufficiently informed about the insider selling on DESC to take that attitude.

I've learned my lesson and paid for it, so everything is fine.

Good luck for your investments robt, keep those posts coming, I'm enjoying them a lot, in fact, let me put your rating up a bit, you deserve it 

Applauded by DR???

Where's the smilie that's all pink from blushing? 

this really took me by suprise today.
given my previous post about stocks moving in 3 to four sections before a change in trend i think you would agree that this is well on it's way into the fourth section.
notice each section has increased in it's range up.
this should break 7.44 and no resistance that i can see from here .
good luck evryone
maxi

I'm disappointed in the weakness today, maybe the insider selling is tripping it up, though I don't think it's an issue, the market may.

Protecting profits selling anothre half of my position, still in it should we make that target.

edit: at the end of the day, a tiny drop, and everything good about the chart stays intact (to my untrained eyes), 7.44 target in sight, maybe by weekend?

Still holding, but not much happening. Price has been flat, volume has increased a little bit in the last week, indicators still look positive.

Also still holding, still good as I bought at 5.95.

I'd like to see a bit more action though.

Could it be related to the lower prices on oil?

I'm keeping it for the long term.

Coverage initiated

Guess you'll see some action today!

DESC Distributed Energy started with a Buy at First Albany; tgt $9

First Albany initiates DESC with a Buy and $9 tgt. Firm says the co has a clear path to cash flow breakeven and profitability, and represents a unique and "technology neutral" way to leverage the proliferation of the distributed generation market, while participating in the growth of onsite industrial hydrogen generation in the near term, with meaningful longer-term opportunities in additional hydrogen technology evolution over time.

No link for this yet, though, but look at premarket -- up .40

I think we can declare the target reached, closed @ 7.42, just a few cents below the day's high of 7.49.

Will the inevitable pullback come at open tomorrow? Given the strong close, and continuing strong indicators, it seem not -- but I'll be watching.

Since I'm a longtime holder of DESC, I won't be exiting entirely in any case. When DESC became a 3SOF, I tripled my position. Though I've reduced that by degrees, I'm still at 150% of my usual position and, for now, I'll stay there.

Why no more talk about DESC?  Long-term prospects are more than bright for them.  Anyhow, as I hold it long-term, I try to analyze the chart on a day to day basis and develop my skill at sensing the next move.  I thought that breakaway gap on raised guidance would hold, and - you know what?  It never closed.  I'm no expert on gaps but I'm learning.  What about that gap between 9/7 and 9/8.  Why did it fill?  Was it not a breakaway gap.  Today's action looked like a hammer on support.  What do you think?

I've been meaning to update, but not much in the way of good news. The retracement seems to be running out of steam, but it may take news to propel the stock upward.