This is getting interesting. For the past couple of weeks, DRL was almost seem to be in a very narrow trading range with relatively slow average trading volume.
Not sure about this one but it seems that yesterday the volume picked up mid afternoon and ended up over the infamous 0,70 that we have seen very often.
This morning we see some pre-opening volume that does not make the usual day for DRL and again with a higher pre-opening price.
May not mean a lot BUT remember that BPOP did a great profit during the last quarter and its shares went up dramatically yesterday well above what I could have expected as being a great day.
Now, what is that volume and pop up in price for DRL ??? Is this a leak (they will release quarter numbers on the 28th) or short covering in case of a great quarter???
What was interesting from BPOP results is the lowering of provisions for bad debts and this could affect positively DRL also.
One thing is sure, with the nice profit realized by BPOP, if DRL does not show the same kind of improvement, well they maybe in big trouble BUT if they were to disclose a meaningful profit then it could be the start of a great stretch upward.
I will paly a bit the momentum that seems to be happening now and will most probably get some out before the numbers are release just in case and still make a good profit (in my opinion).
As usual, do not invest more than you can afford to lose and always take some profit when possible.
You can follow me on twitter: @investman2
Not sure about this one but it seems that yesterday the volume picked up mid afternoon and ended up over the infamous 0,70 that we have seen very often.
This morning we see some pre-opening volume that does not make the usual day for DRL and again with a higher pre-opening price.
May not mean a lot BUT remember that BPOP did a great profit during the last quarter and its shares went up dramatically yesterday well above what I could have expected as being a great day.
Now, what is that volume and pop up in price for DRL ??? Is this a leak (they will release quarter numbers on the 28th) or short covering in case of a great quarter???
What was interesting from BPOP results is the lowering of provisions for bad debts and this could affect positively DRL also.
One thing is sure, with the nice profit realized by BPOP, if DRL does not show the same kind of improvement, well they maybe in big trouble BUT if they were to disclose a meaningful profit then it could be the start of a great stretch upward.
I will paly a bit the momentum that seems to be happening now and will most probably get some out before the numbers are release just in case and still make a good profit (in my opinion).
As usual, do not invest more than you can afford to lose and always take some profit when possible.
You can follow me on twitter: @investman2
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