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Microcap & Penny Stocks : DCIC/FTEL/FNET
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To: Charlie Langford who wrote (330)8/8/1996 12:36:00 AM
From: Art E. Holt   of 405
 
Charlie:

This is my second attempt to posts some thoughts on the trading
patterns in DCIC and FTEL today...along with another on my long
winded discourses on the manipulative abilities of the MM's. Attempt
#1 got lost in cyberspace, thanks to a irritating combination of
problems with my ISP and the web in general.
Since I really dislike repeating myself, I'll sum things up in
short.
1. Today's price action in both stocks had the characteristic
look of MM manipulation, with a fair amount of that activity
rather obviously designed to create an intraday exit point for their
own short sells.
2. We have word of another news release due out next week, so
the MM's will probably use the limited time remaining to maximum
advantage.....both to facilitate their short-selling and build
investory for higher resale next week.
3. Those of you who remember or care to read back through some
previous posts will recall I warned of precisely this type of
volatility.
4. Both of Tues. and Wed.'s intraday plunges in DCIC/FTEL saw
an influx of buying which is supportive of prices and bullish for the
more intermediate term.
5. Monday's action (the gap openings) was strongly bullish, having
occurred while both stocks were in clear uptrends and trading above their respective moving averages.
Don't let the MM's shake you out of your stock. They are clearly
trying to do just that.

Art
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