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Technology Stocks : Documentum (DCTM) Software
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To: Bill Ounce who wrote (515)7/23/1999 12:20:00 PM
From: Asymmetric  Read Replies (1) of 600
 
Have Noticed DCTM Trading In a Tight Range as Well

This stock has been basing now for almost 6 months,
and with the stock trading in a tight range over
most of the latter part of that period, the Bollinger
bands have narrowed down quite a bit...generally
an indication that the stock will break to either
the upside or the downside. When the stock tanked
along with the general market last few days down to
$14, I took a flyer on this one. So far so good.
From the Thomson site, which tracks institutions:

thomsoninvest.net

so far today I've seen 5 super buy messages, and
all blue bars, denoting institutional buying interest...
and NO red or expressions of selling interest.

Earnings of -0.16 beat analyst estimates by 1 cent.
With the stock up a point to $15 1/2 the Street not
totally turned off by the earnings report. Key though
would have been forward guidance. If someone has
conference call number would appreciate it they
could post.

Lack of posts (2 in 3 months) shows total disnterest at
this point, but if institutions do indeed feel the worst
for Documentum is behind it, this would make a good
entry point both timewise and price wise. Company holding
quite a bit of cash still. License revenue nothing to
crow about, but I think anyone who follows stock knew
that already. Anyway - I'm playing my hunch that the
turnaround is either here, or very close.

Any responses appreciated.

Good luck to all. Peter.

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