SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : DCTC - DCI Telecommunications
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Colin Cody who wrote (2267)6/20/1997 12:23:00 PM
From: Colin Cody   of 4489
 
Came here looking for the Time & Sales LOG. We have 22 trades so far and 73,200 shares. My GUESS is E-Trade hit us with 20,000+ shares this morning, on schedule.

But the PRICE RANGE is tight: $1.56 to $1.65. The MMs took in all those shares (assuming E-trade dumped 20,000+) and they've held the Bids.

My guess is either there are BARGAIN HUNTING BUYERS out there snatching up stock, or the MMs are building inventory or covering previous short positions.

In any of the above cases: My advice is DO NOT BUY. Let the MARKET take the price down as E-Trade unloads. You have no idea how much MORE E-trade may need to dump. If you buy HERE and next week E-Trade dumps 200,000 shares some afternoon, you will have spent your money at $1.62 and have none left for the slaughter E-trade causes down the road.

You don't get oppertunities like this but once or twice in a lifetime. I feel sorry for E-Trade. They'll likely fold up when their Capital is depleted and they don't meet minimum requirements. But for people to buy all the stock they are giving away here now is not necessary. If there were no buyers the E-Trade sells will drop the Bids like a lead balloon!

Then we can buy at REAL bargain basement prices. The "sale" ends any day now (the 30 day letters were dated May 20).

Colin, looking to buy at lower prices.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News