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Technology Stocks : Data Broadcasting Corp. (DBCC)
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To: Ariella who wrote (2497)1/10/1999 9:32:00 AM
From: KM  Read Replies (1) of 5102
 
You're right, of course. I wouldn't go near this stock if I didn't have Level 2 and my finger on the eject button at all times. That being said, though, the nimble can make beaucoup bucks on it.

For instance, on Friday afternoon near the close, the price dropped from about 26.75 as many daytraders began to exit. I hung a bid of 2000 shares out at 26 seeing a lot of support there, got hit in about two minutes, and she headed back up from there. I then hung an offer for those 2000 at 26.5 figuring some would want to be in for the weekend, and damn if that didn't hit too, thanks to the mention on CNBC. So, made $1,000 in less than three minutes and still have some to hold over the weekend.
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