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

To: ernie de la fuente who wrote (2990)	2/24/1998 1:56:00 AM
From: george willse	Read Replies (2) \| Respond to of 19331

Ernie - Joe M. has to be aching over the current stock price more than all of us on this board put together. Joe M. has: 1) Declared a dividend ($0.01) 2) Implemented an aggressive buyback (700K shares to date) 3) Shed unproductive divisions 4) Acquired additional Asian contracts 5) Acquired revenue producing subsidieries 6) Had at least two reputable newsletters price DCTC stock >$10.00/sh 7) And as if the above were not enough, MOST importantly, put his personal reputation on the line with his investors My observation on the current stock price is that when the 'Marines' were landing, everybody and his brother/sister/uncle/etc. told all their friends/family about the possibility to make some money in a short amount of time. Thus the buying at ~$2.00/sh. At the same time, at least one major heavy seller was on the scene. The phenomena that occurred was that all the buying (hundreds of thousands of shares) simply absorbed the seller's shares. Currently, there are relatively no buyers outside of the buyback, and many of the new investors have sold at a minor profit or possibly major loss (in some cases 25% or higher). Ideally what should have happened was that DCI privately bought all heavy seller's shares privately. The investor buying would have shot the price of DCTC up due to the demand. However, much of the sell-off occurred through normal channels instead. Now we are in slump because of excess inventory and little demand. Not to mention the reputation of those of us that 'recommended' DCTC to the world. IMHO: Where DCTC will land in the near term is unclear. However, DCTC should get to $4.00 this year based on the current revenue projections. Those who have bought in the $1.75 - $2.50 range and hold will see a healthy net gain. The key question is when. Consequently, at this point in time, I have to agree with your thoughts on the buyback. Cheers, George