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Pastimes : Georgia Bard's Corner

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To: Ga Bard who wrote (6060)6/2/1999 11:21:00 PM
From: Elio Madama  Read Replies (1) of 9440
 
We have an update on DMEC.

ddstocks.com

UPDATES

6/2/99 ***DMEC***- Not much movement today. We watched DMEC throughout the afternoon and watched the dip to $0.18 closely. The stock did not stay at that level long and a few times the bid was $0.18 while the ask was still $0.195. DMEC finished on a positive note by rebounding from its lows during the early afternoon. For the past few days it appears DMEC is being accumulated and today was no exception. There was a greater than 2:1 buy:sell ratio. This should be positive for the stock. There really is not much news to recap today. Remember, DMEC may move up or down a few pennies, but we are looking for bigger movement with the launch of the website. There are rumors floating around that DMEC is also on the verge of releasing a major contract via PR possibly as early as Friday. We are not expecting a smooth ride, there may be a few bumps along the way. However, the uptrend still appears to be in place. We maintain our short-term price target of $1-2 and believe this stock could break these levels with proper execution by DMEC.





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