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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Ken Salaets who wrote (11549)11/24/1998 11:51:00 AM
From: JOE MEDSKER  Read Replies (5) of 19331
 
Ks,
When the trading log looks as screwy as today it just means to me that several of the MM's have big limit buy orders on the books. They are moving the bid all over the map trying to scare out some shares. The short position knows there is a name and cusip change coming in the next quarter and simply is running out of time to cover. I watch several clearing firms very closely and as of last Friday one of them showed 63,000 shares in their net position. They can't even cover the IRA shares in their own IRA accounts. The SEC and NASDAQ would not like that at all. Besides this this firm as a call for 725,000 shares of DCI. you can use your own imagination but very soon the you know what is going to hit the fan. They can not go forever without coming up with the certificates

Best Regards
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