DHB

[bw6458]

We all know market is controlled by sharks, MM and the unsuspecting public    ...
the low of $2.76 is pretty much set...
the next resistance/support seems to be around $4.95 then up to $7. 
If the MMs want to end the year with a bang this would be a great stock to do it with, before Spitzer, SEC or others call in the swat team. 

The are 45M shares outstanding and Shares Short of 3,445,555  that's almost 8%.     Perhaps a squeeze could juice this stock for 1 or 2 points... Anyway being in at $4 and looking to get out at 7 is pretty good work for a month, with a stock run by a lowlife.

To bad Kiss wasn't there I might have wished I was invited     LOL

[snowcat]

I'm surprised to see so much love for this stock.  I is a pariah.

Labor problems, faulty product - that is sent to our boys and girls in Iraq - and police officers!
Anyone who orders their porous armour must be crazy!  On that note, I bet a big order from the US military will follow.

The press hates this stock and I can't see any analysts jumping on board.

Be very careful.  There is so much better stuff out there.

[basonista]

The press hates this stock and I can't see any analysts jumping on board.

If you're a contrarian then now is the time to own this stock - when everyone else can't stand it. 

[David Randolph]

The press hates this stock and I can't see any analysts jumping on board.

If you're a contrarian then now is the time to own this stock - when everyone else can't stand it. 

I agree with basonista, if the press hates it you should probably love it, because it is seriously undervalued.

I bought the stock, now I have to manage my position. About 2 or 3 updates before I had this doubt:

I still don't know if I should use the tema indicator or the ascending trendline as downside protection, for now I'll just keep on holding.

Now I know the ascending trendline won't be usefull, because the price run too far away from it. Perhaps the tema indicator, today at $4.05, will do fine. For now I'll stick by it, so the plan is «hold for as long as it is set to close above the tema indicator».

[Terliso]

Keep on holding... we might see $6.40 on this one.. maybe, maybe

[David Randolph]

A while back on this thread Aussietrader talked about $5 as a resistance level for DHB, remember?

Here's Aussie's post: DHB's descending channel

On my chart the descending trendline stands at $5.50 for today, but coming down fast ($0.07 per trading day).

Considering boatguy's and Michael's posts about the CEO of this company, and also taking a look at the 3 Stocks on Fire open trades table, which shows a 15% profit in just 6 trading days, it's not hard figuring out what I will do:

Take profits.

[willey]

I bought back in on the belief DHB is ready to continue on up!  Will trend closely, but for now its broken above its downtrend line!

willey

[calven]

Is this the coil pattern we have been waiting for?


DHB also looks to be nearing the entracnce of a 1.00 gap!

[Melf Elf]

DHB broke out of a 5-week base at 1:25PM on the print of 5.04.  This is the second upside breakout for DHB since early December.  Target: 6.02-6.04 is IN PLAY.

DHB currently is BID 5.15...ASK..5.16

I'll post the daily chart next. 

[Melf Elf]

Daily Chart:

[Melf Elf]

DHB broke out of a 5-week base at 1:25PM on the print of 5.04. 

DHB pulled back to 5.08 after the breakout at 5.04, then finished at 5.24 on a volume spurt, near the high of the day (5.27).  Good performance in a down market.

[Melf Elf]

Daily Chart:

[calven]

DHB - DHB Industries

3 million share buyback

http://biz.yahoo.com/ap/060124/dhb_...yback.html?.v=1

DHB Receives $14.4M Supply Contract

http://biz.yahoo.com/prnews/060125/nyw038.html?.v=42


Could see a decent run with this recent string of news.

[Melf Elf]

Could see a decent run with this recent string of news.

cal,

The pattern breakouts should help, too.  Today's rally gives us Bullish Breakout #4.

DHB currently is BID 5.08...ASK 5.09, up 5%

[Melf Elf]

Repost from The Technical Analysis Board: The Wolfe Wave folder:

Metastock Explorer identified a Wolfe Wave in DHB.

I had a heck of a time seeing it, but I think I've found it. 

The lead-in is awful skimpy.  In fact, the entire pattern is pretty skimpy, but I like the fact that the low of the Wave 5 "fakeout" held above the trendline (solid green horizontal line) from the December 2, 2005 breakout.

DHB received a $54 million order from the Army on March 3 (story below).  I'll repost this in the DHB folder on the Previous Stock Picks Board so we can keep track of individual stocks that we discuss.

Updated:2006-03-03 09:48:20
DHB Industries Gets $54 Million Army Pact
AP
WESTBURY, N.Y. (AP) - DHB Industries Inc., maker of body armor and athletic padding, on Friday said its subsidiary Point Blank Armor has received a $54 million order from the Army for its Interceptor protective vest.


The vest protects the torso and can be worn alongside other protective outerwear. On Feb. 22, the DHB received a $14 million order from the Army for its Deltoid Axillary Protection System, which provides protection for arm and shoulder areas not covered by the Interceptor vest.


Shares of DHB were up 25 cents, or 5.5 percent to $4.82 in morning trading on the American Stock Exchange. The stock has traded in a 52-week range of $2.76 to $12.85.