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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: ernie de la fuente who wrote (4578)	4/7/1998 1:53:00 AM
From: Colin Cody	Read Replies (2) of 19331

vi, I believe that today was: More BARGAIN HUNTING by DCTC loyals, MOMENTUM players who saw the change in trend the past couple days, People getting on board after reading recent NEWS RELEASES and The higher than normal VOLUME was due to short-covering of some of the estimated 600,000 undeclared shares shorted out of Canada. I believe that the short's got $2 or less recently, and they have been attempting (successfully) in bringing down the stock price to where they might consider covering. It seems they were not able to control the price (down) and to mitigate potential losses, they needed to start covering along with the increase of buying coming into the stock. Colin

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