DPHIQ.PK

[David Randolph]

I'm not so confident about DPH as I was yesterday. I really don't know at this point, I didn't appreciate the general market action. But I'll try to keep my initial plan, try not to think too much and follow the rules.

[wheezledick]

David, here's what I found on "cup and handle patterns".

http://www.investopedia.com/terms/c/cupandhandle.asp

To my greenhorn eyes, it looks like maybe this is what's going on. Do you think that "patterns" such as this are legitimate buy or sell indicators? The method seems to be somewhat related to pattern charting, like the candlesticks. Thanks for piddling with a beginner. I don't want to appear to be slobbering all over you guys with the praise thing, but the fact that I haven't read a single post on this entire site where you chided or talked down to a member or guest for their inexperience. Actually, just about everyone here is civil, straight-up, and helpful. To me, that is primary to the results of your performance, which incidentally sure don't suck either. 

[David Randolph]

Thanks wheezledick, it looks like you're right, DPH is showing a cup and handle pattern. And yes, I find technical patterns a reliable source of accurate trading signals.

Yesterday Deutsche Bank upgraded DPH: Delphi surges on Deutsche Bank upgrade

The GM rise of late should help DPH reach that gap zone we're waiting for ...

[david10773]

Hello,

     Iam very new to this so bear with me, after watching and comparing Visteon's activity for the last year from internally within the company, and comparing the synergy between both parts suppliers with their host company GM and Ford. I dont see why delphi will not return to the 10 marker it rode for a very long period of time, considering I think Visteon provided a mirror image with its surge from 3 to 8 approximately in such a short period of time. Basically, the circumstances delphi is facing, visteon is as well, however visteon sold back 13 facilities to FORD which 2 were key earners,(strongly believe Visteon will file BK in the next year and be the first of the spinoffs to die). However, Delphi's financials are much stronger than Visteon could of dreamed to be. My theory is GM will continue to aide delphi as did ford, and it would appear the momentum is upon us. Am I way off base, thx Dave.

[David Randolph]

One step more to the gap zone. Thanks for the nice research david10773 

We've had these news from Delphi yesterday:

Delphi Completes $2.8 Billion Refinancing Plan

[David Randolph]

DPH had a low volume pullback derived from this news: GM falls as union deadline blurs

Volume was much weaker than in the advancing days and the stock came back at the end of the session. The $5.13 level was held on close so we continue to have a bullish behavior at DPH ...

[David Randolph]

DPH didn't react too badly to this downgrade: KeyBanc cuts GM, Ford, Delphi and Visteon on UAW talks

I would like to see another leg up in DPH for it to runaway from the $5.13 old resistance, now support. Still waiting for that gap zone to take profits.

[David Randolph]

DPH closed below support at $5.13, so I'm selling the stock at today's open.

[setravis]

Changed Ticker Symbol
'DPH' is no longer valid. It has changed to DPHIQ.PK