DXNS Today & Forward5 Sep 2013 18:44
I would start this posting by making clear to all that no one has the 'Pope's Infallible' when dealing with Shares. Meaning that anyone can make mistakes the measure and number of mistakes dictates the knowledge in the market and the experience in trading for years the individual has. Saying that today has been without a doubt an excellent day for long term holders of the stock as nothing is there to raise questionmarks any more, apart from South European operations. So it is a clear road ahead. To wait to catch the share low in the circle is a guessing game because with so many the MM funds participating in the game [ us been one] and the numbers of players from both sides of the Atlantic again there is a very very large market to expect to catch uniquely so to say the bottom of a circle . Buying selectively and selling selectively is what I can honestly and without a doubt recommend to everyone in the BB. Selling at a profit although not the maximum that you can achieve does not heart anyone and to the same extent buying low but not to the lowest point of the circle would not really cause a huge problem to someone with a medium term trading horizon. I would tend to agree with barclaykid that the price might test sub-46 p on profit taking but that would surely be an excellent trading position for new investors in the stock and a safe point to top up for those who sold at 48p and would like to re-enter. I have sold 125K today at 48.10 average trade price. I would gladly buy back at sub 46p I do not really care if it is going to be 45 or 45.5 or 45.95...I would trade 3-4 trades to make the 200K target. So what I like to say with all due respect to ALL, if you wish to get onto the DXNS bus buy in at every weakness and sell in any strength maintaining a positive long term profile. If dividend was to be announced that would be a bonus but would not change any trading strategy with us. It would re-assure us though that the company we believe in is trading well and might make us buy some more stock as well ;) GL to all.