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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: MusicMan who wrote (3832)3/24/1998 11:32:00 PM
From: James Harold Alton  Read Replies (1) of 19331
 
MusicMan, Each time we have dropped below $1.75, there has been serious buying coming in, so that combined with the fact that the selling is apparently drying up also makes me optimistic that we are not likely to drop much from this level. The action today was really curious. We had 3 MM's including Sharp supporting the bid with only Olie at the ask in the afternoon with net buying and the next time I looked several of the MM's had dropped off the bid and the price had dropped 3 cents without any selling. Makes me wonder if maybe someone is playing a game with the MM's by putting up a large all or none sell order that none of the MM's want to deal with right now? If we keep having net buying, something will have to give to the upside I would think..the question is just when. The SMTK stock sure has treated us well so far, it's almost worth almost $1/share to us by itself!

James
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