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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Gary1046 who wrote (10290)11/5/1998 9:34:00 PM
From: Colin Cody  Read Replies (1) of 19331
 
I continue to be amazed that the stock rises in the face of such selling.

That 48,000 along with block sells of 15K 10K 10K within a few minutes only dropped the bid by 2c 15 minutes later and another block of 10k hit the bid. And they raise the bid with that!!

It just doesn't make sense to me. Enjoy it while she rides higher.

Don't look for a shorter to cover at higher levels. A street smart shorter wouldn't cover, rather he's short some more. Perhaps the blocks above were from the big seller.

If not... why would a large shareholder sell NOW? We're on a roll, let 'er ride, no reason to sell off, the whole kit and kaboddle.

Think of how many shareholders HAVE 48K+ shares to sell That's 1/4 of 1% of all the shares issued. We're talking one of no more than a possible 50 guys who this coulda been. Maybe someone has the DCT sheets listing to top pockets of shareholdings, by name...

Colin
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