robert, as I see today, I wasn't entirely on track..... My theory is (was) that some fund managers are starting to notice DTPI but need a few days to move into the stock, otherwise the price swings would be much greater than they are. The last big drop on big volume took several days to complete.
Word from my brother who's in the business was that some fund managers were concerned that Goldman might cut back on their use of DTPI, and Goldman constitutes somewhere around 15% of their business. When they get back in it's the same thing, spread over a few days.... I do know that if I see a downward slide on big volume, I'm out until volume decreases to normal, or the slide stops.
I think the reason it moves on no news is that phone calls between Managers and companies remain just that, phone calls and not press releases. But if someone at Goldman mentions that they are sweating the quarter and looking for cost reductions, it might trigger the manager to unload his 300K shares, as reflected in the high volume big moves that we see in their chart.(this isn't always the case:>)
I've owned this stock straight thru from Aug 97 and seen both 30 and 8 for prices on the charts. Until now I've not been clear in my mind on what drives the price of this stock (aside from fundamentals). Now I have a theory, the easy half of making money, I'll see if I can put it into practice...... |
