DCTC - DCI Telecommunications Message Board

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Microcap & Penny Stocks : DCTC - DCI Telecommunications

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To: Bruce Galpeer who wrote (2244)	6/18/1997 5:36:00 PM
From: Colin Cody	of 4489

Question of the hour... was the negotiated Block T Trade of 20,000 shares at $1.590 even (about half way between the Bid and Ask) a Buy or a Sell? Answer: My Guess is that it was a heavy hitter with 30Gs in his pocket and he managed to make a buy SOMEHOW in the face of all those small-fry buys soon after the Ask went to $1 + 5/8th in mid-afternoon, following those quick buys 1000 3000 4500 at the $1.56 level . WHY do I say that? Because just before they painted the tape with a T Trade (which misses some of the day's end reportings) we saw the ASK PRICE go higher. Looks like the trade took out the MM on the $1.62 Ask with his $1.59 negotiated block trade. When that MM dropped out, the Best Ask went to the next MM in line at $1 + 11/16ths. If true, then we'll open tomorrow with the Ask at that level and the Bid will move to $1 + 19/32 or 1 + 5/8th within the first 15 minutes. Colin

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