DBII Digital Biometrics, Inc Message Board

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Technology Stocks : DBII Digital Biometrics, Inc

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To: GARY P GROBBEL who wrote (27)	6/26/1999 3:20:00 PM
From: crimson	Read Replies (1) of 118

It is always possible for the stock to dip below $2 again! There is still a few weeks before the earnings are released. I did some checking, and tried to verify the 5-8 cents earnings. Well, I know the brokerage house that owns more than 20-30% of the float on this stock between themselves and there customers. They are saying 7 cents, but being safe and saying 5 cents. So, I guess some of the numbers out there are pretty good. Anything close to 5 cents will move DBII higher. If the numbers are 7 or 8 cents, this will move to $3. Of course this is my guess, and that doesn't carry much weight. I also hear the same as I saw posted before about the average holder of this stock. Most of the people who own this stock bought in the early to mid 90's and paid over $10 a share. Some way above. That is why the volume on this stock has been so low. I suspect there won't be a whole lot of resistance if this stock breaks out above $3 or $4. That all remains to be seen, but if they release another state contract and news on the Gaming/Casino deals and more (as is expected) - I don't see any reason for this stock to not go much higher. I'm glad I stuck with this stock and wasn't around for those higher days. Chances are good we will see those old numbers in the future. Just how far? I don't know. But, I do suspect with earnings of 5 cents projected over a year is 20 cents and that supports a price of around $4-$5. A lot of wishful thinking maybe.

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