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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: Bruce Galpeer who wrote (3384)3/11/1998 2:25:00 PM
From: Pr-Ac Man  Read Replies (1) of 19331
 
When volume dries up to a great degree, like we have now, the stock usually goes into a run within a few weeks.

Bruce:

I agree. I think the recent chart pattern is quite positive. We've seen strong support at current levels (which go back over the last year and more), which suggests that the downside risk is minimal. The dry up in volume suggests that selling has simply ceased for all practical purposes, and we are running in a base pattern that awaits some new driving power. I can't say what (or when) that will be, but barring any unforeseen catastrophe, I think that the chart suggests the next move will be up, up and away. The strength of the move, and level of the new base will be determined by a variety of factors: Is the driving force speculative or tangible? How bullish is DCI management regarding increases in revenues and earnings in the near term? What are the details of the "big picture" that Joe has been alluding to? What is the state of deregulation in Europe and what are the potential implications for DCI? What is the overall condition of the market? I'm sure others could add more factors.

As I said yesterday, I believe that NOW is the time to be buying DCTC if anyone is considering adding to or establishing a position. If I had additional resources, I would certainly make my move now. As it is, I have already borrowed on my tax return to buy more shares. Other than than, I'm tapped.

PA
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