Hi George, "Analysis Paralysis"? Sounds painful. (G) I thought it
might be helpful to post DCTC's recent historic prices to bring some
facts into what has actually been happening:
DCTC close high low vol(H)
5/22/98 2.12 2.19 2.03 702
5/21/98 2.09 2.19 2.06 413
5/20/98 2.12 2.19 2.03 517
5/19/98 2.19 2.25 2.09 1239
5/18/98 2.06 2.12 2.00 376
5/15/98 2.03 2.19 2.00 1987
5/14/98 2.06 2.12 2.00 808
5/13/98 2.09 2.25 2.00 1441
5/12/98 2.19 2.28 2.03 723
5/11/98 2.16 2.16 2.00 701
5/08/98 2.12 2.12 1.94 1566
5/07/98 2.03 2.03 1.87 1620
5/06/98 2.03 2.12 1.97 841
5/05/98 1.97 2.28 1.97 1804
5/04/98 2.00 2.94 1.78 5778
5/01/98 1.75 2.03 1.50 4912
4/30/98 1.53 1.56 1.41 744
4/29/98 1.41 1.41 1.34 1206
4/28/98 1.37 1.47 1.37 1213
The historic closing prices show that over the last 19 trading days
ending last Friday, that we moved up from 1.37 to 2.12, which equates
to a price rise of .75 or more than a 50% move up during this period.
Of the 19 total trading days, 12 days resulted in a rise on the
closing price from the previous day and 7 resulted in a drop. Up
through 5/12, the closing price rose consistently from 4/28 and since
5/12 has fluctuated between 2.03 and 2.19. It's important after a
stock makes a strong move up (50%+ in this case) to spend time
building a base before moving up further and that is what I see
happening here and consider it healthy. Note how perspective has
changed, in that when we first moved up to $2.00 we saw a good bit of
profit taking and now a drop to the low $2 brings out buyers instead,
I think we need these pauses and that they are healthy for the stock.
I hear the frustration talking, maybe you own shares you bought
above this level (I own some at $3.75 myself and I sure others have
bought even higher at times) or whatever but I can't share your
perspective that we are going no where at this time.
From your post: "Although I would never begrudge the profit management
would realize from the sale of this collected venture, all these M &
A's and proposed future sale really don't mean a thing to the
shareholders if the stock price isn't improved.
Joe Murphy owns over 1.5 million shares of DCTC himself and the rest
of "management" also has large positions in DCTC. The actual $$
compensation I have gathered from the filings paid to management is
rather low. From what Joe Murphy has told us publically on this BB
and from all of my DD, it appears that the only way management wins
if is we as shareholders also win..every single share when the
company is sold will be worth exactly the same amount after all.
One of the main reasons I own this stock is because I feel that
managements goals (to build shareholder value) closely paralell
it's shareholders. Getting the current price of DCTC up benefits
us long term since we can use fewer shares for acquisitions, but
as Joe showed us with Edge, where we increased the outstanding by
only 20% to get more than a double in revenues, he can even make
deals with $2 stock that can knock our socks off. (G)
Sockless,
James |
