3SOF

Looks like a great prospect.Moving averages crossing over and stock bouncing off it's 50 day M.A.Also showing a cup and a handle.

Making a decent run up,Volume a little low first call was at 16.53 current bid is 17.32

I like it, but am still concerned about the lousy movement of oil stocks as of late.
Personally, you may want to look at MEK, which I did happen to pick up

http://charts.traderhr.com/index.php?symbol=mek&submit=Create+chart&ChartType=candle&overlay1=none&o1p1=10&o1p2=20&o1p3=50&overlay2=none&o2p1=10&o2p2=20&o2p3=50&cSize=small&per=Daily&months=4&indicator1=rsi&ap1=12&ap2=26&ap3=9&indicator2=macd&bp1=12&bp2=26&bp3=9&volume=separate&srtype=none&srlines=off&alllabels=off

or DPTR

http://charts.traderhr.com/index.php?symbol=dptr&submit=Create+chart&ChartType=candle&overlay1=none&o1p1=10&o1p2=20&o1p3=50&overlay2=none&o2p1=10&o2p2=20&o2p3=50&cSize=small&per=Daily&months=4&indicator1=rsi&ap1=12&ap2=26&ap3=9&indicator2=macd&bp1=12&bp2=26&bp3=9&volume=separate&srtype=none&srlines=off&alllabels=off

Same business without all the resistance of DXPE.  However, if DXPE has another good day and goes back in the uptrend - it may just be a buy too.  I'd give it another day to confirm the building of the rt side of the cup

Great snowcat,I will be watching the stocks you mentioned.The volume was not there today for Dxpe.I believe I will see today's loss + another 5-6% taging on to the closing price by the end of next week.at which point I will be exiting.Looking at KG very closely for next week

For something different in the energy field, check out the threads on SYNM and RTK - Both have a process that converts natural gas to liquid fuel - SYNM is more in the gas side and RTK is more in the service side and a bit more diversified.  Both are in an uptrend.

My energy pix have been suffering as of late - but DXPE and other quality service stocks will be back - but DXPE is just a peanut compared to its larger bretheren - its best to go for best in the class.

sold Dxpe in 8 days for a 2 point gain not too bad.Looking at Bnt would like to get in around 25.5-15.7.

stock blasted off from a cup/handle set up.
been on the IBD 100 for the past two weeks.  Up over 10%!!

http://stockcharts.com/def/servlet/SC.web?c=DXPE

Hey snowcat,
                Too late for me I had already sold it and moved on.Bought Chrw  and Sanm today lookin to see some bounce soon.

Yes, this one required patience - and with the energy business swinging wildly, it is ok to take profits while you can.  But in 100 years, if DXPE becomes the next Schlumberger, you can say you owned it when it first started out.

I will look into SANM & CHRW.

Bought some DXPE a day ago average around 49.90.

AFTER HOURS - TOP STORY.......

DXP Enterprises Acquires Rocky Mtn.
Supply for $3.9M in Cash and $700K in Notes
DXP Enterprises, Inc. (DXPE) announced completion of the strategic
acquisition of the assets of Rocky Mtn. Supply, Inc. DXP paid
approximately $4.6 million, net of approximately $0.6 million of acquired
cash, for the acquired business. The purchase price consists
of approximately $3.9 million paid in cash and $0.7 million in the form
of promissory notes payable to the former owners of the acquired
business. The cash portion was funded by utilizing available capacity
under DXP's bank revolving credit facility. The promissory notes bear
interest at prime minus 1.75%. The unaudited sales and estimated
EBITDA for the acquired business for the twelve months ending December
31, 2007, were approximately $13.6 million and $1.4 million,
respectively. Shares of DXPE plunged $1.94 in After Hours trading,
early on Friday evening.

Source: DXP Enterprises, Inc.


DXP Enterprises Announces Fourth Quarter and Year End Results
Wednesday March 5, 4:01 pm ET 
Fourth Quarter Net Income Increases 64.1%
Full Year Net Income Increases 45.5%


HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ:DXPE - News) today announced net income of $5.7 million for the fourth quarter ended December 31, 2007, with diluted earnings per share of $.84 compared to net income of $3.5 million and diluted earnings per share of $.61 for the fourth quarter of 2006. Sales increased 113% to $168.8 million from $79.3 million for the fourth quarter of last year.
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For the year ended December 31, 2007, DXP reported net income of $17.3 million, with diluted earnings per share of $2.71 compared to net income of $11.9 million, with diluted earnings per share of $2.08 for 2006. Sales increased 58.9% to $444.5 million for 2007 from $279.8 million for 2006.

David R. Little, Chairman and Chief Executive Officer remarked, "I would like to thank our stakeholders (associates, customers, suppliers and shareholders) for making 2007 a great year. As we celebrate our 100 year anniversary in 2008, we will reflect on our accomplishments and then set our sights on our destination and keep moving forward."

"Although DXP serves nearly every industrial market, the geography we serve today makes food and beverage, agriculture, upstream oil and gas, midstream oil and gas, downstream oil and gas and mining our major markets. We expect 2008 to be the best year ever."

Mac McConnell, Senior Vice President and CFO, added, "I am pleased with DXP's financial success in 2007 and specifically pleased with our ability to integrate, grow and increase profits on the acquisitions we have made over the last several years."

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry since 1908. DXP provides innovative pumping solutions, supply chain services and MROP (maintenance, repair, operating and production) services that emphasize and utilize DXP's vast product knowledge and technical expertise in pumps, bearings, power transmission, seals, hose, safety, fluid power, electrical and industrial supplies. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer driven creating competitive advantages for our customers.

DXP's innovative pumping solutions provide engineering, fabrication and technical design to meet the capital equipment needs of its global customer base. DXP provides solutions by utilizing manufacturer authorized equipment and certified personnel. Pump packages require MRO and OEM equipment such as pumps, motors and valves, and consumable products. DXP leverages its MROP inventories and technical knowledge to lower the total cost and maintain the quality of the pump package.

SmartSource, a DXP supply chain services program, allows a more efficient way to manage the customer's supply chain needs for MROP products. The program allows the customer to transfer all or part of their supply chain needs to DXP, so the customer can focus on his core business. SmartSource effectively lowers costs by outsourcing purchasing, accounting, and on-site supply management to DXP, which reduces the duplication of effort by the customer and supplier. DXP's broad range of first-tier products provides an efficient measurable solution to reduce cost and streamline procurement and sourcing operations.