DX anyone?
First of all I just want to say thank you to the folks who answered my question about paper trading. I have already formulated some ideas and packaged them according to the information I was given. I started with Yahoo finance and am now going to look into a simulator program. The details are fairly evident. Wonderful! I am still a long ways away from actual investing/trading, but everything in time.
For anyone else who may be in this boat, I also utilized some of the Investor's Business Daily site and their teaching tools.
As far as DXG is concerned, WITHOUT getting into a big huge discussion about them here,(which can be found on another forum), I was just wondering if it is a yea or nay? I have funding in an existing account.
Best Answer
957 points
CUWu answered one year ago …
Hey parker, sorry but I'm a bit thrown off. You used the symbol DX in your question title but in the details you used DXG. Since it seems that DXG doesn't trade on any US exchange I'll just assume that you were referring to DX - Dynex Capital.
I normally don't buy stocks with market caps under $500 million, but just based on the chart I wouldn't buy this stock just yet. Reason being, it's approaching a resistance level that it's NEVER been at before. It failed at $8.80 earlier in january and right now it's at $8.79. If it breaks through $8.80 on BIG volume then I'd say it would be a buy based on technical analysis only.
Anyone else have any comments? Maybe about the underlying business?
Answers
2183 points
ChaosNantuko answered one year ago …
As for DX technically, i agree with CUWu above. From a fundamental standpoint, i don't really like the important ratios of the business either. Return on Equity is only about 6%. I would require at least 25% for it to be a buy. The company is also related to real estate, which right now, probably isn't a good thing. I'd say nay.
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