DY Dycom Industries

[Skydaemon]

Think this one is almost ready for a pop to around $16, currently about $13.

chart

[Skydaemon]

MMs seem to be preparing for a possible jump, after market bid/ask has opened up a lot, big enough to accomodate my hoped for jump even.

last pps $13.14 bid $11.87 ask $17.6

[Skydaemon]

Continues on it's merry way. I should point out that the weekly chart is poised for an even bigger gain than the short term chart. I'd say weekly around 18, short term around 15.5 to 16.

[Skydaemon]

Dumped out of pretty much everything I have including this today. We seem to be at a possible turnpoint for the market and I don't want to be stuck in long positions if it turns into another bear.

[BadThad]

Originally Posted by Skydaemon

Dumped out of pretty much everything I have including this today. We seem to be at a possible turnpoint for the market and I don't want to be stuck in long positions if it turns into another bear.

Ya chicken! LOL The bear is over!

OK, I did some DD on this one and I like it. The only problem I see now is capital spending is still tight, it may reflect in their numbers this year. The PPS is sure at a low level, but it's up 17% over the past 30 days. Nice play because the PPS is down 40% over the last 60 days. This one is worth watching IMO.

[BadThad]

Just saw earnings are due out APR28, that can send the PPS either way....I think I would have rode this out and took a chance on a good earnings report, the consensus is 0.12. Apparently, they are doing fine if the expectation is positive...a rare thing these days. LOL

[Skydaemon]

Originally Posted by BadThad

Ya chicken! LOL The bear is over!
...
Nice play because the PPS is down 40% over the last 60 days. This one is worth watching IMO.

Yeah I freely admit that one.

I honestly believe I left some good profit on the table with this one, pretty much along the lines I posted above, but I'm okay with that. Really, if I wasn't worried about the market as a whole I would've been comfortable staying in here for at least a week or two if necessary. I did not have any intention of hanging around until earnings however. I played this one for TA only, not an earnings "hit the number" crapshoot with a possible 30% downside if it misses.

Really, it comes down to whether we're starting a new leg of the bear, or if that's finished. I don't know honestly. I'd put it 60%-40% in favor of another leg on the bear starting this week. I also think it's about to pull a reasonably good move one way or the other.

I'm open to reconsidering of course, just want to see some more evidence one way or the other first and I'd rather have cash while I wait. If it goes the way of the bear I'd prefer some short etfs to long positions.

[greencat]

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[greencat]

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[greencat]

DY making higher lows and higher higs. It needs to break this little upward channel and establish momo once again.

DY Chart