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Microcap & Penny Stocks : Docucon ( DOCU )
DOCU 69.74+0.1%9:58 AM EST
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To: Richard K. who wrote (225)1/28/1997 10:04:00 PM
From: r. peter Dale   of 510
 
There's a very real possibility that Docucon's retracement today is being misinterpreted. A bunch of people got into Docucon without doing their DD following the y2K story. In my view, many are using this opportunity to beat it. Volume was 600K+ yesterday on a ~35% rise and ~200K today on a ~20% profit taking decline. Time will tell. The JFS alliance with IBM was clearly a strong boost for Docucon as the initial reaction demonstrated. I also think day traders inhabit the lower end of the gene pool.
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