DESC

[LiveLife]

SELL signal but 10 MA approaching 50 MA and MACD in positive territory.

Will watch for RSI 2 drop below 30 to buy back.

[stock-kitty]

Technically I agree, but when a stock has momentum like DESC she may go higher. I've seen it many times before. DESC broke resistance at 1.07 and 1.10 and there is nothing till around 1.35. Also if you watched the action yesterday closely you could see that 1.10 is now support.

I could be wrong, but hope not.


Cheers

[stockhunter]

sold all my shares at $0.96/share a day before the good news
Need a good re-entry point

[LiveLife]

There's one notion I have learned about stock trading - "Buy on rumors and sell on news"

I have used 10/50 MA and RSI 14 in the past as my primary indicators for BUY/SELL, but found that they are too slow for swing trading.

If you have been following my post recently, you will have realized that I do the following:

1.  Find 52 week rebounding stocks with RSI/MACD/Volume confirmation
2.  Once rebound has been confirmed, use RSI 2 to set BUY/SELL points
3.  Channel "swing trading" is established to further confirm faster RSI 2 BUY/SELL points.
4.  SELL to lock in gains (take profit) at indicated SELL points
5.  Buy back (re-enter) at RSI 2 BUY points to increase number of shares
6.  SELL with 10 MA peak as confirmation
7.  Totally EXIT as 10 MA falls towards 50 MA (Watch as 10 MA falls below 50 MA) and look for re-entry point and start at step 1 again 

As I have seen in the past and recently with AMD's one day large gain, any large gain by a channelling stock (say 15-20%+) will force many to lock in gains and SELL to take profit.  Imagine coming home from work on Friday to find that your stock experienced 20% gain?  You will be putting a SELL order for Monday market open (for many traders, 10-15% short-term gain is good enough to take profit).

So with that, does DESC has momentum?  Yes it does.

Is it an exceptional mementum?  Well, TMTA and QTWW moved 22 million and 14.7 million shares Friday as compared to 2.6 million shares for DESC.  I believe TMTA and QTWW volumes on Friday express exceptional and possibly Institutional buying.

Although 2.6 million in volume of DESC of Friday showed momentum, I believe it was fueled by news of DESC shipping wind turbines to Malaysia.

If you look at RSI 14 chart, this momentum on news may push RSI 14 above 70-90 short-term, resulting in further gains but I would recommend that you SELL to lock in profit.

If DESC falls and RSI 2 indicates BUY, then you can buy more shares.
If DESC does gain above RSI 2/14 70-90 range (rarely done), your loss would be minimal.

Time will tell.  IMHO.   

[stock-kitty]

  More news 

Distributed Energy Systems Books African Hydrogen Order; Commissions Hydrogen Vehicle Fueling System in Florida

[stockhunter]

Looks like people are locking in gains and the price is dropping today.  I'm going to wait a little for a good re-entry point.  Really kicking myself for selling a day too early and missing out on a 50% return in a couple weeks.

[stockhunter]

She Flew today!

Proves (to me atleast), you cannot time stocks!

...too bad i wasn't in

[kslifka]

I jumped in this morning at 1.10.

DESC was one I wanted to jump into so I kept watch.  See how it opened up and came down...but didn't go any lower than yesterday's low...also it was above the 9ema.  It started slowly climbing up...so I got in at 1.10.  I guess officially on the daily chart a break of the morning high of 1.11 is when one should get in. 

Usually after a huge white candle...watch 2 or 3 days later for a G-pattern which it was setting upfor this morning with the criteria above.  It put in that G-pattern at the end of the day.

[stock-kitty]

Technically I agree, but when a stock has momentum like DESC she may go higher. I've seen it many times before. DESC broke resistance at 1.07 and 1.10 and there is nothing till around 1.35. Also if you watched the action yesterday closely you could see that 1.10 is now support.

I could be wrong, but hope not.


Cheers

  I am all out now 

Cheers

[stockhunter]

Hi Stock-Kitty,

howcome you're all out of desc? Aren't you in long?

[stock-kitty]

Hi stock-hunter,

I had an av. of .80 and only bought it for a swing. She reached my target and I sold.  I'll wait for a pullback, of course if there will be any.

Cheers

[j_p]

I think that DESC is forming a g-pattern. Any comments?

[kslifka]

DESC...has dropped a lot. Wow. 

I like the alternative energy field.  I know solars were hot in 2007 and correcting right now in early 2008...they should stage a comeback...I believe.

This may be the year of wind turbines and later in the year fuel cells.

I don't own DESC...but have been watching closely.  Looking to buy soon and holding for the long term.  I think DESC could be a winner in 2008. 

$25 million dollar market cap with revenues of $35 million for the previous 12 months.  Bud Cherry...former CEO of Foster Wheeler Global Power Group was named interim CEO in 2007

Most recent press release:

BARRE, Vt., Jan. 8 /PRNewswire-FirstCall/ -- Distributed Energy Systems Corp. (Nasdaq: DESC - News), an innovative leader in wind power technology, announced today it received orders for seven Northwind 100 wind turbines for use in Alaska and the Northeast region of the United States.

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Four of the advanced 100 kilowatt wind systems were sold to the Alaska Village Electric Cooperative (AVEC), a utility responsible for providing power to 53 villages in Alaska. The other three wind turbines were ordered by Sustainable Energy Developments, Inc., (SED) an Ontario, NY-based company, currently developing wind projects with businesses, municipalities, residences, schools and farms in the Northeast.

Bud Cherry, chief executive officer of Distributed Energy Systems, said: "These important sales emphasize DESC's commitment to supplying state of the art, reliable, and cost effective wind turbines in extremely diverse environments. This latest follow-on sale to AVEC - their 15th through 18th Northwind units - is gratifying to us, underscoring once again this established customer's continuing satisfaction with the Northwind 100. We also welcome the partnership with Sustainable Energy Developments as we bring the Northwind 100 into the "lower 48" marketplace."

AVEC's four new Northwind 100 units are planned to be installed in its remote village diesel systems in Mekoryuk and Savoonga, which border the Bering Sea. In these wind-diesel applications, the Northwind 100 offsets the ever-increasing costs of diesel power generation. "In 2007, three Northwind 100 turbines provided over 20% of the electrical production for two interconnected villages on Nelson Island." said Brent Petrie, special projects manager for the Alaska Village Electric Cooperative. "That installation alone displaced approximately $85,000 in diesel fuel costs in 2007." Petrie said AVEC is evaluating the potential installation of wind turbines in up to 27 of the 53 communities it serves.

"The Northwind 100 will be a crucial part of SED's continued success in the Northeast," said Kevin Schulte, CEO and Co-Founder of SED. "The demand of projects requiring this size turbine matched with the respect we have for Distributed Energy Systems made the partnership and purchase of the three Northwind 100s a no-brainer."

With 100kW of rated power, the Northwind 100 was designed for use in wind- diesel applications, and more recently has been released as an alternative power generator for small businesses, commercial farms, small communities, schools and universities, and small corporate and industrial sites. The turbine uses gearless design and direct-drive architecture to deliver high energy capture and low maintenance requirements to a mainstream wind energy marketplace.

DESC profile:

Distributed Energy Systems Corp. designs, builds, and installs stand-alone and grid-connected electric power systems for industrial, commercial, and governmental customers. Its generating systems convert energy derived from wind, sunlight, oil, natural gas, diesel, and bio-fuels into electricity, using power generation technologies integrated with custom controls and power electronics. It sells its systems to grid-connected customers and to customers who need power solutions for remote locations or environmentally benign alternatives to centrally distributed electricity. The company also offers hydrogen generators, which utilize proprietary proton exchange membrane and electrochemical technology to produce hydrogen through the electrolysis of water, to domestic and international customers for industrial, utility, and research applications. It also develops additional technologies and products for the distributed energy market, including systems that provide backup power and energy storage, hydrogen generators that produce hydrogen for fuel cell vehicles, power network architectures that link diverse power generating sources, and advanced wind turbine generators. The company was founded in 1996 and is headquartered in Wallingford, Connecticut..