DEGH Down 17%, Debt is a Four Letter Word

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jcwillis

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DEGH Down 17%, Debt is a Four Letter Word

posted on Aug 08, 2011 04:19PM

DEGH feeling more downside from the world debt problems.

Close at 0.2720, Down 17% on volume of 539k.

Good volume. But, unfortunately, the selling kind.

Dow down better then 630. Circuit breakers do not kick in until down 10%'ish. Need to reset and not think that any play you are in is different than the others, because at this point - no stock is immune. May see some relief tomorrow. And, looked like some relief at 3pm that got quashed by 315pm from folks selling into it. Suggest doing the same during any upside because the trend is not our friend. Be careful and if playing this down market, set tight stop-limits immediately to minimize losses.