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Technology Stocks : Data Broadcasting Corp. (DBCC)
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To: AJ Berger who wrote (1952)1/3/1999 6:27:00 PM
From: Mark[ox5]  Read Replies (1) of 5102
 
AJ, (this is civil) what is your opinion about all the people who took Thursday off, who just heard about DBCC over the weekend. You dont think their entrance into DBCC will be able to keep it above $18+ level?

I dont think it will fall any lower than 17 or 18 simply because we filled all the gaps (13.50 Wednesday and then 16 5/8 or so Thursday)

I also think a lot of the buying in the last half hour was position traders like me who knew it would gap up and might sell into the gap up trying to rebuy a few points lower (i.e. I bought at 17, if it rose to 22 I would take an instant 30% gain off the table and try to rebuy at 20 or less)

Your opinions sir?
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