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Microcap & Penny Stocks : DCTC - DCI Telecommunications -- Ignore unavailable to you. Want to Upgrade?


To: James Harold Alton who wrote (3895)1/26/1998 4:05:00 PM
From: Rashid Garuba  Respond to of 4489
 
Joe Murphy,

Let me re-word what I said 2 posts ago. It's quite likely with the buzz around SI DCTC will see close to it's historic resistance at around $4 without the buyback. Now if that buyback could create a base aroud $4, even the momentum crowd will stay in. Then it's up from there. To where?? Company events will answer that one.

Best
Rashid



To: James Harold Alton who wrote (3895)1/26/1998 4:09:00 PM
From: Vince Clements  Read Replies (2) | Respond to of 4489
 
Wonder what the odds are, that we get another "WAVE" before
the buy back starts?

Vince



To: James Harold Alton who wrote (3895)1/26/1998 4:25:00 PM
From: semi-recumbent  Read Replies (4) | Respond to of 4489
 
This is to ALL. To use a stock buyback to artificially support the stock price is wrong and probably illegal. What J.M. has stated is that the stock is a value at its present price and the company will buy back shares as the opportunity presents itself. The way I see it, the company wants to buy low and exchange high (exchange stock for new business opportunities down the road). The buyback will take stock out of circulation and increase the value of shares that remain in the float, but that is just a side benifit. The idea that the company should buy high to drive the price higher is not smart and I am sure is not what is intended. - Sam