DCI Telecommunications - DCTC Today Message Board

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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: JOE MEDSKER who wrote (9664)	10/23/1998 11:01:00 PM
From: Colin Cody	of 19331

Joe, I don't know. I was watching it this morning at $1.75 by $1.76 and suddenly the ask dropped to $1.66 (bid stayed at $1.75!!) The inside quote was moving like crazy WITH LITTLE VOLUME BEHIND IT. The MMs didn't know what hit them, and they were scared. Clearly they were shorting into the buying spree, and they TRIED LIKE HELL to jockey it back down - as soon as the buyers took a breath - to scare some selling in so they could bring their negative inventories back in line. I image that they are flat for the weekend based on the high afternoon volume. That's OKAY, because otherwise they'd have to gap-it-down on Monday to replenish inventories. Scary times for MMs in DCTC. Did any of the little guys drop out of the box today? Colin

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