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
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.
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.