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Gold/Mining/Energy : Datamirror (DMCX) (T.DMC) -- Ignore unavailable to you. Want to Upgrade?


To: Spiney who wrote (229)11/30/1999 10:34:00 AM
From: Famularo  Read Replies (1) | Respond to of 603
 
Hi there, not sure about others who follow DMC. I watch screens all days and have charts, analyze who is buying and who is selling. Point of interest, the smart investors are not buying at market. They are waiting for retails profit takers to sell at market. ie. Sprott does an excellent job in buying into this stock. They had an open order to buy 5000 shares @ 11.25 and they got filled. They are now testing $11.05. Obviously, they are giving the option as the stock is not being bought by many small investors. Watch what happens if small fols start buying 100-1000 shares @ the market. Big inst investors will start buying @ prices higher expecting it to break the high of $12.50.. As well, my charts are telling me that we are close to a new base support level. Therefore, for traders, this may soon be an entry level and they will sell at $13.00 plus. regards Fast Frank