dml on move, page-54

Hi Joe,

Thanks for your message, In DML's case I used the previous 52 week high to determine an area which I felt the stock would pull back to after the initial rise. While it may have seemed that the first decline (after the breakout) to the $1.52 area at the end JAN was a pullback, I felt that the stock needed more time to move and properly determine an area for my next re-entry which explains why I predicted the levels of $1.50 could be tested at least once more in the next month or so. I also felt that since DML pushed too quickly above its old 52 week high ($1.50)and that a retrace was inevitable.

Please do understand that my analogies are purely technical and I follow simple methods of technical analysis taught in many books. While I hope DML can continue its upward trend, there will always be the possibility of being incorrect. Time will tell. Please do not take the above post as financial advice, do your own research and ensure you are managing your risk.

Good luck with your holdings! I hope DML can bring you some fortune.