[Entering Position in Dialysis Corp of America (DCAI)]
Dear Member:
As I suggested they might Friday in the Weekend Summary, the markets are moving down. Dialysis Corp of America (DCAI) is moving against the tide and is doing so on quite high volume for this relatively lightly traded stock. Both DMI and stochastics have turned positive. I like the stock at a limit of $9.88 and if filled would place my stop at $9.42. As with all stocks, this trade has risk and that is somewhat compounded by the average daily volume which is only around 24,000 shares. Already today it has traded more than 42,000 shares.
I do not intend to take a very large position in light of the somewhat suspect liquidity since I would want to be able to get out of the door on a downturn to the stop price.
DISCLOSURE: At the time of publication, I have no position in DCAI.
Sincerely,
Bill Kraft
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