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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: JOE MEDSKER who wrote (5999)5/25/1998 11:35:00 PM
From: James Harold Alton  Read Replies (3) of 19331
 
Joe, My posts weren't about setting any expectations, the market will over time determine the appropriate level for our stock. I did want to point out that in making comparisons to both other telecoms that share similarities with DCI and to DCI's historical Price/Sales ratio that we are considerably undervalued, I believe that these are "facts"...not expectations. It's my opinion that there are understandable reasons for why were are at the current price level and that they basically boil down to the large amount of shares (3.5-4 million by my best guess) from the CC group and from the damage this extended selling did to investor confidence. Both the investor confidence and the stock price now appear on the mend, so I think it will be interesting to see what level we end up stabilizing at price wise. I think that given the long time period it took us to drop from the $4+ range to the $1.31 low that it will also take some time to reach an equilibrium on the upside and that we need to watch our price more from a month to month perspective rather than a day to day one to see this. If my hunch is correct, I don't think that we will need any support at all from the BB in the near future and will see the desired $3 level at some point due to normal market pressures. (heck it's less than $1.00 away now) It's going to take time for some to realize, but with the CC selling finally under control..the rules have changed. (G)

James
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