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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: ernie de la fuente who wrote (3053)2/25/1998 10:24:00 PM
From: Bruce Galpeer  Read Replies (1) of 19331
 
ernie,

I talked to Joe about the scenario of having the news show up on SI early. Your explanation of giving the seller or sellers time to prepare themselves was just what we discussed. It is my belief that we will no longer see news here before the tape or hints of news before it happens. This is not a guarantee by any strech but I am sure that he understood where I was coming from. Buy on the rumor and sell on the news seems to follow DCI very closely. To eliminate that would help the stock to rise on the news itself so people could not be prepared for it.

I dont feel that the buyback is a folly. Joe Murphy has surrounded himself with experts in every discipline of business and uses their knowledge to its fullest extent, Morrow, Grant Thornton, Whitman Breed and AG Edwards. I am sure that there were debates over the best use of the money. Joe Murphy is a man of his word and when he publicly said that he would do a buyback he meant it. The rest of the story is that the buyback needs to be done in the best interest of the shareholder and DCI. That does not mean to drive the price of the stock up using all your money at once. It does mean to strategically pick up shares at certain times letting the professionals handle it as they see fit. When AGE and Joe Murphy feel the time is right we could see more happen, but again, as they see fit. I like the pace that DCI is moving at but like the rest of the shareholders wish the price was higher. I believe that time will reveal all including a higher share price.

LONG AND STRONG!!! GO DCTC!!!!

Bruce
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