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Technology Stocks : Data Broadcasting Corp. (DBCC)
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To: jjs_ynot who wrote (1876)1/1/1999 9:34:00 PM
From: Mark[ox5]  Read Replies (4) of 5102
 
Dave S, I answered a similar question on Yahoo board. My advice and this is only from watching a lot of other stocks that had a lot of news and talk about them on message boards .. and I can only go on past behaviour of other stocks is this.

Don't touch it the 1st 10 minutes of Monday morning trading. It should gap up and then maybe trade up for a few minutes. At some point between 9:45-10:30 the MMs should bring it down quickly to shake out some people. Then at some point in the afternoon there will be a lull as well.. when daytraders exit..

I'm a big believer in filling of gaps.. that is when a stock gaps up quickly at some point it goes back to refill the gap. Right now, DBCC has done that which is very healthy. Wednesday if filled the 13.50-14.00 gap which is very bullish and then Thursday it came back down briefly in the afternoon to around 16 3/4 or so. So I think those gaps are all full.

Now the high Thur was 18.50 or so... and it we gap up to say 22 or something, then at some point early next week I would expect the MMs to bring it back down to 19 or so.. .even if its very briefly.. and perhaps even lower to scoop up stop losses.

So my advice to you would be this. Decide how many shares in total you want to buy.. for example 400 and split it up into 4 limit orders. Say 100 each at 18 19 20 22. That way you average your cost out and if somehow it just goes up and up (which I doubt, every stock retreats even if its for a short period of time) you at least have some shares.

But as for your original question I wouldn't touch it in the 1st 10 minutes Monday.

Once again, thats just my opinions and Im just going on how other similar situations have played out.. I could be totally wrong ;)

Mark
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