To: george eberting who wrote (3179 ) 3/2/1998 2:55:00 PM From: Pr-Ac Man Read Replies (1) | Respond to of 19331
George: I agree with most of your points. I have been feeling for some time that part of the weakness is related to selling by those who got in at higher prices during the last big run-up and those who got in during all the hoopla about "blowing the current price out of the water". Some are cutting their losses and moving on; others are simply tired of waiting. I also agree that the market is what determines stock price action, and any reference to DCTC being a "different kind of company" doesn't amount to a hill of beans when it comes to short-term trends. Having said that, I also agree with Dan's comment that we are at a fork in the road. There is good reason to believe that revenues and earnings will show positive growth this quarter, and that we may expect the see an escalating trend beyond that. My point is this: once DCI shows that it is making real, tangible progress toward its goal we WILL see concentrated buying. And when that happens, this baby (IMO) could move fast and far. It's easy to miss out on the major upward movement on a stock like this, because they so often move in frantic leaps and drops with long pauses in between. The fact that this is a different kind of company in many ways (growth of revenues through M&A; stated goal of targeting a major sell out at the first possible date; low priced, BB stock which is vulnerable to MM manipulation; etc.) means that, IMO, we need to follow a different strategy of investment. I think you have to do your DD, and then buy and hold in anticipation of that BIG PAYDAY. At least that's how I see it. I recognize that it is much easier for me to "hold and wait" with an average share price of $2 than it is for someone with an average price of $3. So I understand the concern that some folks feel. PA