I still like DBCC's short-term chances...
I really think DBCC has an excellent chance to break out and make a big move, but it
is all related to the CBS Marketwatch.com IPO and the market conditions for Internet
stocks. I haven't been able to get any firm date on when the IPO is due, but I certainly
think it is expected over the next 3 weeks...each and every day that Internet stocks
stay hot and DBCC puts in a more convincing base around the $8 level, the chances
are better that it will break out big...if it does, I certainly think it can hit $15.
HOWEVER, I also think it will end up settling back down under $10 over the next few
months, so don't get too attached to it !!!!
Meanwhile, there will likely be plenty of trading opportunities like you did today, and
you can't complain about making money daytrading it . I am holding a decent about of
DBCC with avg price around $7, but I am considering adding to my holdings.
Good Luck !!!!
Jimbo. |
