PPR - DDD update
We sent a report on DDD on January 28: http://www.virtueofselfishinvesting.com/reports/view/ppr-how-to-handle-ddd
Since then, DDD has bounced off its 50dma on increasing volume. In the days ahead, if DDD is a viable stock, it has a high probability of having a pocket pivot. If it instead goes to new highs without a pocket pivot or proper base breakout, it would still best to wait since such price action would be more of a "V" shaped straight-up-from-bottom pattern. And should it move higher from this V-pattern, odds are that it will issue a pocket pivot buy point before it moves much higher.
Keep in mind that DDD tends to trade in a volatile manner so straight down, straight up moves are common for this stock. Because of its trading nature, one could take a small position as it nears its 50dma, with a tight stop should it move more than 3-5% under its 50dma.
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