DRL (again)

H

Hydroblunt

Second try at this. The bad news seem to have stopped and more than priced in. Took a while.

Been placing some orders around $2.50.

Once it's clear that the issues have been cleaned up, the bigger banks would look at this as an acquisition target.
 
Excuse me Hydro, but I believe that what you are doing is called gambling, not trading.

If you want to get serious about this business you will have to let go of that pipe....

jkwu :D
 
Quote from optionpro007:

Excuse me Hydro, but I believe that what you are doing is called gambling, not trading.

If you want to get serious about this business you will have to let go of that pipe....

jkwu :D
More...

It's not gambling, I have been following this company since the fiasco started. It is speculative. DRL is traded way below enterprise value and has the makings of a turn-around story. However, it all depends on their marketing plan. They have been paying off liabilities and working to improve the financial picture.

DRL went from being #1 in PR to #4. Do you think it has no chance anymore? It's not like they just up and left

I can recall several other stocks that went through this in the last 5 years. DRL would not be a 2 dollar stock if they were doing everything correct and right away. I'm placing faith in the management to not waste an opportunity of a turn around.

Sh*t, all banks are inherently bankrupt, I'm pretty sure DRL can paper shuffle away into a success again.
 
Quote from optionpro007:

Cool.

I think SBSA looks better though.....

Good luck!
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Will take a look. I know carriers are buying up towers.

I actually never got filled on DRL and the lack of GTC orders on Sogo did me a favor. I'm jumping into CDE instead, I like this much better and I like metals.

Only thing on DRL that bothers me is the lack of the spike for the final shakeout. Keeping an eye on it to see how it handles 2.40-2.50 area and if it goes to test the lows. There could be a much better entry opportunity here or instead, a better confirmation if it goes right back above 2.50
 
Briefing just ran this....

14:21 DRL Doral Fincl ticking higher in recent trade; hearing some vague chatter of possible private equity interest (2.45 -0.01)

There has been a lot of M&A rumors today... we can't confirm the validity of this, but just pass it along since it's moving the stock.
 
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