Data Broadcasting Corp. (DBCC) Message Board

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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: Anthony Shen who wrote (186)	1/28/1997 11:13:00 PM
From: Jim P Mitchell	of 5102

My source shows Reuters carried a positive release on AgCast very late in the day, quite possibly near the close (1400+ hours), which probably explains the jump in volume at the close (Reuter's undoubtedly reaching many more heavy hitter investors than those of the other wires services did in the morning, I saw 5 separate releases all together). Also ..... my colleage had a substantial day limit order in the mid 7$ range that filled in the last minutes of trading .... you might "blame" him for the dip, but he is very bullish on this issue and was looking for something agressive outside of the blue chip run-ups. My experience is the quick dip and increase in volume is typical of a positive news release - probable market manipulation and traders capturing blocks etc. This listing is not one of the first 1000 NASDAQ benifiting from the new SEC trading rules - so I guess we should expect misbehavior until it gets watched a little closer. Also possible options maneuvering. We'll have to wait and see, it might get a little wild. Sometimes it takes a while for news to propagate. I noticed $10 calls are cheap across the board. JP

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