Otcbb DPDW Thread

[Stock_Analyzer]

Information on DPDW can be posted in this thread:

DPDW.OB: Summary for DEEP DOWN, INC. - Yahoo! Finance

[Naamplao]

I thought I would add my 2 cents about this stock.

I know nothing about what this company does....so I looked it up

Deep Down specializes in the provision of innovative solutions, installation management, engineering services, support services, custom fabrication and storage management services for the offshore subsea control, umbilical, and pipeline industries. The company fabricates component parts of subsea distribution systems and assemblies that specialize in the development of subsea fields and tie backs. These items include umbilicals, flow lines, distribution systems, pipeline terminations, controls, winches, and launch and retrieval systems, among others. Deep Down provides these services from the initial field conception phase, through manufacturing, site integration testing, installation, topside connections, and the final commissioning of a project.

Interesting....Here is my TA

Let us look at the SharpChart for the past year

DPDW - SharpCharts from StockCharts.com

At the beginning of November there was another market meltdown for all stocks and DeepDown was not immune. But look at the Accum/Dist chart from then until present....it kept right on rising!!! Those that understood the operation of this company kept accumulating shares that nervous investors were dumping IMHO. This is a good sign in bad times.

At present the share price has risen above the Bollinger upper band....The RSI has steadily risen to 70%...steadily is the operative work here...the TRIX(15,9) is also positive...good signs

Here is the P&F chart for a longer view.



There was a significant resistance point at $0.90...first from a horizontal line from the peak at mid-Aug/2007 and also from the diagonal from the shoulder at late Dec/2007 at $1.08/$1.05 which crosses the current column at $0.90 also....we have broken this line and stayed above this mark.

The next resistance point is about $0.98 (the 200dayMA from the SharpChart) then $1.08 (the horizontal line to the shoulder on the left then the diagonal from the shoulder above this shoulder both cross at $0.98)...there are further resistance points which are moot unless we pass $0.98 first....and I believe this is certainly doable.

Here is the Yahoo.com 5 day line chart



Nice chart!! Look at the rising volume(rising momentum)...look at the narrowing BB's...the $0.98 resistance level...will probably be smashed soon.

This stock looks like a winner to me.

[WallStreet]

Excellent DD Naamplao... thanks

[GG2]

Go to their web site and click on cameras at the top right.
The Password to log in the cameras is DDI then ddi6only. You will see all the work they do every day. Very nice to see.

[Stock_Analyzer]

possible bounce coming here off .90 .85 range

[Naamplao]

Well I own this stock now after doing the previous DD. My "luck" with US stocks has not been too solid so hopefully this will be a turnaround for me.

Here is the SharpChart again

DPDW - SharpCharts from StockCharts.com

Not much has changed in the past week. Yes the price has declined a bit from the high of $0.96 last week but this is not a concern of mine at this point. The share price is comfortably in the upper half of the Bollinger band, the TRIX is nice and positive, the Accum/Dist is equally as positive.

I also like the way the 50dayMA is arcing towards the 200dayMA....a crossing of the 200dayMA would be very bullish. Speaking of the 200dayMA, this is a serious resistance point...we attacked it once but fell back...we will attack it again.

Here is the P&F chart again



I don't see the support being at $0.90 or $0.85. Rather I see it being at $0.80 from the horizontal line at theat point and confirmed by the diagonal line from the shoulder in January on the left.

The 5 day Yahoo linechart seems to indicate that we will head that way today (May 1) It should rebound...or my bad luck at picking US stocks continues

[brokedown]

support @.80

[Naamplao]

Again Brokedown and I are reading from the same sheet of music.

The support level is shown in the P&F chart below at $0.80. I see a resistance level at $1.00 which needs to be passed.

Here is the SharpChart that I use

DPDW - SharpCharts from StockCharts.com

You can see here that $1.00 is approximately the 200 dayMA so this is a significant resistance level to breach.

Note that the Bollinger Bands are tightening again....A major movement is on the near horizon. The fact that we are above the 20 dayMA, the accum/Dist shows a nice positive advance, RSI is hovering near 70%

I predict a nice advance crashing our $1.00 barrier soon.

[Stock_Analyzer]

agree, nice bullish candle today on DPDW, could see .98 tomorrow

[Stock_Analyzer]

Closed up 8% today at 1.02, nice ride so far here gang

Originally Posted by Stock_Analyzer

Information on DPDW can be posted in this thread:

DPDW.OB: Summary for DEEP DOWN, INC. - Yahoo! Finance

[Jack_E-T]

I would like to add my two cents re DPDW. After learning a few lessons the hard way, I try not to pay much attention to a pink sheet or BB stocks story as I think almost all are BS. I try to base my buy/sell decisions of penny stocks on TA. But Deep Down just may be the exception. I live about 20 miles from their location in Channelview Tx. and drive by there often on I-10. There is always a lot of business activity and all appearences of a legit company. I can't make myself pull the sell trigger and take profits even though I am up 100% after today. I think this stock could really take off this year because of the business they are in. Offshore oil business is really heating up with the price of oil soaring and new reserves being discovered off the coast of South America and drilling in the Gulf of Mexico picking up. Deep Down may be posturing quite nicely to be a buy out candidate by a well established company like, maybe, a Haliburton for instance.

[Stock_Analyzer]

watching .93 .95 as support after this dip ends IMO maybe friday/monday

[Naamplao]

I see no negatives in this stock. The mild dips we experience are just that....mild.

Look at this updated SharpChart

DPDW - SharpCharts from StockCharts.com

A very pretty picture. Look at how the share price is hugging the upper bollinger band and speaking of the bb's look at how they are moving at a nice (almost 45 degree angle)positive with almost NO expansion!!! To me this means the big price jump is yet to come...I doubt it will be a price fall since we are so solidily on the upper side of the BB's. All indicators RSI, TRIX and Accum/Dist are looking really good.

We smashed through the 200dayMA and at $1.00 this is our support level and this is confirmed by the P&F chart below. (from the diagonal line on the shoulder on the opposite side of the gap.



Right now we have a resistance at $1.10 and then there are no serious resistance points from then on until we reach $1.40.

Here is the 5 day Yahoo.com line chart



You can see how the $1.00 support line held today( May 14) and we recovered. We may see some sideways movement...we are due for some of that but the overall trend is clear....moving on up!!!