DOLLAR GENERAL stock forum
DG When will the powers at Dollar General understand that DG has too much common stock outstanding ?The common stock will decline until there is sufficient demand to absorb the excess common stock that is available for sale. Soon there will be stock loss selling for tax purposes.
DG Look at monthly Slo Stochastic with 6 and 94 levels for oversold and overbought. Then look at the slo stochastic on weekly and after that the daily etc.Remember that all we are doing is looking at
“TRENDS WITHIN TRENDS”. This holds true for everything technical in every market.
DG promotions and clearance sales are a hit with Dollar General’s consumers.DG Maybe putting a high margin small prescription pharmacy department into each of DG’s 20,000 locations would vastly improve DG’s profits. Medicare would pay for the elderly people in the areas that DG serves. Including vaccinations that in the long run would save Medicare money.DG Looks like extreme value buyers like TRC are moving into DG. They will absorb the excess DG shares outstanding that the powers at DG are unwilling to buy through stock buy backs.DG now has its lowest stock price in FIVE YEARS ! When is it going to be apparent to the powers at DG that DG has excess stock outstanding ? This is a no brainer. A buy back of 10% of the outstanding stock is obviously needed. I guess the powers in control of DG want the stock price lower. Maybe to take the company PRIVATE. Maybe the current class action law suit will find evidence during the discovery process. Who knows what else?DG On Aug 29th and Aug30th 30% of the outstanding stock of DG changed hands at cheap prices.It would be interesting to know WHO the major buyers were ? Does anyone have a clue?DG On daily Bollinger Bands,DG is soooo close to THREE STANDARD DEVIATIONS it is almost a “near certainty” that DG will bounce from the 82.97 Friday close. Three standard deviations is 82.51,See Google on definition of 3 standard deviations.I would not be surprised if DG closes the daily opening gap of Thursday. Enjoy the Fireworks !
DG premarket movement shows it will be going to hell today. fuck, why don't shorters pull this down to $20. wanna mess it up? why settle on $84. fuck!DG i was too naive to expect a dead cat bounce in this trash. had to cutloss otherwise this trash will be keeping my money to hibernation