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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: steve phil who wrote (6590)7/7/1998 5:13:00 PM
From: Musya  Read Replies (1) of 19331
 
I don't know guys, I am just reading the chart. And it tells me that DCTC will retest the area of 1.3x1.4 before it has any chance of getting up. Then IF it is up, there will be a hell of a resistance at 2 to 2 1/8.
Those who "invest" in BB often don't want to wait for long time, and they are USUALLY right. Thus many will bail out when DCTC is above 2. next time (IF it is above 2 ...). What we have here is a "nonperfoming assets."
Investors and traders don't care WHY the price is not up. They just bail out. BTW, the selling now, IMHO, as well as CC selling is/was due to the LARGE number of options and shares given out during aquizitions at a price that is MUCH smaller than todays price. In addition to those sellers, there is plenty of stops being triggered and just plain sells by those who do not want to hold an UNPERFORMING ASSET.

Mr. Market is always right. If the price goes down - "not everything is fine in the Danish Kingdom." We may later figure out what it was. We may never figure it out.

And integrity of Mr. Murphy (or lack thereof) of nothing to do with it. Market is not going to move on his integrity. For starters, company should behave not as mom and pop's operation when the communication with shareholders is concerned. Press releases should go out as NEWS, without prior hints on SI or anywhere else. Annual meetings should be announced through acceptable SEC channels, not through volunteer shareholders and SI. AND when a PR does go out, it should be organized and worded better than the writing of a 4th grader.

Musya.

P.S. Thanks God, there is an official announcement of the meeting out on the wires. Finally.

Musya
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