Market Talk with Piranha is currently moving to its new home at chrisperruna.com. The new site is up and running but many of the posts need editing as the images and stock charts did not transfer successfully (thanks blogger). I will post all new entries to both blogs – Thank you for your patience while I make this change!

Tuesday, October 12, 2004

Dawson DWSN - Update

DWSN - Dawson Geophysical Co.
$26.66 (2:00pm)

First posted on May 9, 2004 as the stock was consolidating. Within two months, DWSN had moved 60%. After this excellent run, DWSN settled back into a 14-week cup pattern.

Up 84% since posted in May. A recent cup pattern has formed and the stock has broken out without a handle. PEG ratio is excellent, ROE is ok. Keep your stops in case this thing would like to pull back and form a handle or breakdown. Otherwise, let this baby run.


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