Hank Pym's  Instablog

Hank Pym
Send Message
Hank Pym is a professional writer, former hedge fund manager and principle of a registered investment advisory firm in California and Texas. He enjoys reading, taking quiet strolls along oily beaches, and gazing up at the stars, wondering why we haven't been invaded yet.
My blog:
  • Watchlist Additions 0 comments
    Aug 4, 2009 12:40 PM | about stocks: DGWIY, MVL
    Some more stocks for our watchlist: DGW, MVL.
    DGW is a chinese company specializing in water treatment, recently out with solid earnings. I recommended this recent IPO to clients a few weeks ago, but after a brief consolidation it may be worth another look here as it seems ready to launch a new leg higher. MVL is another stock I was bullish on back when it was on its March lows. It has been in an uninterrupted uptrend since 2001, and recently broke out of an ascending triangle to all-time highs. They just announced better-than-expected earnings, and have a bulk of new films coming out in '10. An ideal situation would be a post-earnings pullback to the previous range highs around 36 before even considering an entry (or should that level not hold, waiting until 30-32 if a longer-term retracement is needed). Will consider writing both of these up in the days or weeks ahead.

    As for the markets themselves, the indices continue to consolidate (coil?) right along the upper boundaries of our previously outlined expanding range/broadening top. As long as it meanders in this pattern, nothing has really changed. Stocks are technically overbought, but they could rally further before retrenching. A strong break-out from this pattern would be exceptionally bullish and would suggest S&P 1200 might become a target, whereas any reversal again keeps the bottom of this widening range in play. New positions should be made on pullbacks, and investors and traders alike should remain cautious.

    Disclaimer:  The author's clients maintain positions in DGW.
    Stocks: DGWIY, MVL
Back To Hank Pym's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • GLD quietly staging another nice day with FXE and weak dollar taking a breather. GLD probably tests that 96-7 level in the next day or two.
    Aug 4, 2009
  • 2-3 month range break-outs occuring in FXE, UDN. GLD perking up as well.
    Aug 3, 2009
  • Sitting on my hands. This a.m. gap & go squeeze in SPY needed to test the top of the expanding range. Failure @ 1000, shorts play reversal.
    Jul 30, 2009
More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.