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Author Topic: dcn
amanick
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I got in DCN this am made 2 k and pulled out its droped again and I am looking at another swing this afternoon. Anyone got any opinions on another swing?
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amanick
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got back in at 2.30 nad we are at 2.38 now im hoping its another run.
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R1 Man
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I got in this atthe wrong time.....I saw it yesterday and jumped on it at $3.33 and $2.74. SUCKS!!!

Good job amanick!

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abram
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Well, if you don't sell, you'll be okay . You know they are trying hard to get that financing redone. And they'll do it.

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TI AKERS , WHERE ARE YOU!!!

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amanick
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I sold this 3x today and made just ynder 4k. I bought at the end of the day at 1.50 again. Im hoping this gives me another good swing on monday. I believe that today was alot of panic selling as was the case yesterday.I believe Monday will be a good swing day.
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abram
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Good for you amanick, hope you continue to do well.

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TI AKERS , WHERE ARE YOU!!!

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R1 Man
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[Mad] OUCH!!!!!! Bye [Frown] Bye [Eek!] $7,000 [Eek!] ......HURTS!!!
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amanick
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Always play the swing and keep a close eye on it. They make stops for a reason if you have to go away for a bit. I think monday am should be ok. Im in for another 2k shares at the close on friday and hope to get some good profits today. I stil think this stock has value if they can get the refinacing done. Panic sales are the best buys.
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amanick
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DJ Dana Corp Sees Resolution Of Financing Within 2 Weeks >DCN

--------------------------------------------------------------------------------

Dow Jones Real-Time News for InvestorsSM
08:31 a.m. 02/27/2006


Auto parts maker Dana Corp. (DCN) said Monday it "continues to be in discussions" with banks about financing alternatives and expects to reach a resolution in the next two weeks.

On Friday, Dana obtained a waiver from its lenders over its required credit rating on its accounts receivable securitization program.

The shares fell 52% Friday to $1.51.

-Padraic Cassidy; 415-439-6456; AskNewswires*dowjones.com




Dow Jones Newswires

02-27-06 0831ET

Copyright (c) 2006 Dow Jones & Company, Inc.


Monday Am news i think we wil have a good run today.

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abram
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This is going to bounce like a superball when they announce that financing deal!!!

--------------------
TI AKERS , WHERE ARE YOU!!!

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abram
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I liked the way they (DCN) said they will be coming to agreements with the banks within 2 weeks to avoid filing for bankruptcy protection!!

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TI AKERS , WHERE ARE YOU!!!

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amanick
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this is swinging great today for some quick cash
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abram
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Guru's on other boards have DCN hitting $2.50 before Friday close, or early next week!

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TI AKERS , WHERE ARE YOU!!!

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amanick
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I don't see that happening. If they miss their payments today that will drop this stock big time if they make both payments it still will fluctuate. As of this afternoon im out sold at 1.98 and will get back in once it gets in the 1.70-1.75 area or lower and hold for the next swing.
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abram
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We appreciate the support of our bank group. These waivers provide us the flexibility and time to complete the restatements in an orderly fashion," said Dana Chief Financial Officer Bob Richter. "We look forward to working with our bank group on additional modifications to the existing facilities or the creation of successor facilities to address Dana's needs beyond the expiration of the waivers."
I'm looking at opportunity.

--------------------
TI AKERS , WHERE ARE YOU!!!

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amanick
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got in at 1.43 this am but only loaded on 2k shares. They did miss the payment which I kind of thought they would willthey do a re evaluation. It,s not uncommon for businesses to miss there payment as they have a 30 day extention so im still seeing this as another good swing the remainder of the week but will buy on lows and sell on highs
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amanick
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I am in again at 1.43 but only for 2k shares . I think we may see about 1.60 today even thogh they missed their bond payment they have 30 day leway to meet it so I still think we can see a good swing yet this week
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R1 Man
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I'm going BALD!!!!! I don't even want to look at my portfolio anymore.
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amanick
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I had to run out and this am wher i got back i was like ouch I took a good hit on that but i decided to hold it to see what happens in the next few days.I did put a sell on it for a bit more then the 1.40 i bought for but that was bad timming. you win some and lose some but I will hold it anyway and hope to get back at least to 1.40.
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R1 Man
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quote:
Originally posted by amanick:
I had to run out and this am wher i got back i was like ouch I took a good hit on that but i decided to hold it to see what happens in the next few days.I did put a sell on it for a bit more then the 1.40 i bought for but that was bad timming. you win some and lose some but I will hold it anyway and hope to get back at least to 1.40.

I think it will drop to $0.25 a share or even lower. What a disaster....I dropped $22,433 in it with a $2.52 average and now I have what.....$3,000???? OUCH!!!! That is why I have been so quiet lately.
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ladybird
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Keep your head up, R1Man. You'll make it back.
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R1 Man
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Do not sell the first day when it opens on the OTCBB. This is actually when you should buy. Most cases stocks open at a fraction of the closing price to only shoot up 100-300% average. This is a good chance to make up some money lost but now I can't buy it and most likely ML will sell it at open since now I am in violation.....can only own Mutual funds, NYSE, AMEX, NASDAQ stocks....no OTCBB or Pinks.
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amanick
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I dont think its going to otcbb or pinks. I believe it wil stay right where it is with the corrections. They stil have all of the europe factions functioning as well and I see it going back over the dollar mark next week. I didnt see this comming as quick as it is as it has more cash on hand then debt at this stage I believe
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metal1
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quote:
Originally posted by amanick:
I dont think its going to otcbb or pinks. I believe it wil stay right where it is with the corrections. They stil have all of the europe factions functioning as well and I see it going back over the dollar mark next week. I didnt see this comming as quick as it is as it has more cash on hand then debt at this stage I believe

Its already in the process of being delisted from the NYSE. should be on the pink's or BB shortly. NYSE supended and moved to delist on friday.
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metal1
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i guess it's already trading on the pinks.

http://finance.yahoo.com/q?s=DCNAQ.PK

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R1 Man
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I wish I could of sold at $1.67. I would be very happy to lose just $7,500. I'll be watching this closely now.
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R1 Man
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http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cao%5C2006%5C03%5C06%5C76311126.html%26clientid%3D168%26provider%3DASSOCIATED_PRESS_ONLINE&symbol=DC NAQ

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cko%5C2006%5C03%5C04%5C76245901.html%26clientid%3D168%26provider%3DKNIGHT-RIDDER&symbol=DCNAQ

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cko%5C2006%5C03%5C05%5C76277420.html%26clientid%3D168%26provider%3DKNIGHT-RIDDER&symbol=DCNAQ

Some good articles to read.

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amanick
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at least we are seeing a rise today back to .92 which is a 34 cent increase from close im holding on to get as close to buy as possible. This really caught me off gaurd.
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R1 Man
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quote:
Originally posted by amanick:
at least we are seeing a rise today back to .92 which is a 34 cent increase from close im holding on to get as close to buy as possible. This really caught me off gaurd.

Atleast you didn't lose $15,986.37 like me.
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amanick
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Im sorry for your loss for sure and I know the feeling I got caugh on a few myself actually im out 20 total in others that sunk so im still trying to make it back. we win some and lose some stock market is the same as slots.
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R1 Man
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amanick....I would bail if I was you....take your loss before the bottom falls out again. I've been down this road before...its not fun.
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R1 Man
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$1.42........what the hell is going on here. I bailed out at $0.725 and took my $15,995 loss. Damn....I would be down just $9,800. This stock blows!!!
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amanick
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alot of negitive news will threw the stock for a plunge. I played it as a swing only during the day but then had to leave and it tanked so I held onto it and today the shares got over what I paid for it so I made 500.00 and sold it. I will be watching it as i believe it will still be a good swing on and off. It's possible that this can continue to sky rocket. Im back in on thursday but only for the profits I made so if it tanks again im not out much.
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Stockstar69
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Possible swing trades but do you own homework: STX, NWD, FIZ, NMT.

Good Luck

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amanick
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This is swinging all over the place. Im trying to find another entry point but cant seem to get a hold of it. I sold my remaining shares this am but then it went over 2.00. I think im going to hold off for now and see if there is a dump this afternoon and then possibly get back in.those who bought at 70 cents have made a killing.
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