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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: Dave who wrote (2131)1/6/1999 3:51:00 PM
From: Ariella  Read Replies (1) of 5102
 
Dave -- the road show isn't for retail investors, it's for institutional investors.

I think the stock is acting just like it should given the context of the broader market. At a time like this, many people think next week looks "long-term" and take their profits to put the into other situations that look to be moving "faster."

Depending on the close, tomorrow we may have a real shake-out day. After several soft days it will be easy to convince investors the show is over (when in fact is has hardly begun). Retail investors who wanted to hold but panic out now (as opposed to someone like yourself who simply decided to take profits) will rue their decision within a short time.

Volume is not light today -- don't judge against that big day this week, judge against typical day for DBCC. The people who are leaving are scores of retail investors. Bet the buyers -- look at a volume chart and notice how big many trades are today -- are institutions. They will hold till IPO.

This stock will cross 20 again by IPO day.

Ariella
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