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Microcap & Penny Stocks : DGIV -- Good Prospects? -- Ignore unavailable to you. Want to Upgrade?


To: Jane4IceCream who wrote (393)3/19/1998 7:40:00 PM
From: Forest Gump  Read Replies (2) | Respond to of 7703
 
DGIV was moving nicely before the news about IBD was put out, and if you notice, the information about the PAID article was out most of the afternoon and the big selloff did not come until just before the close. This tells me a lot, the MM's started playing, a whole bunch of people took profit, and the rest got scared.

Have a beer

Forrest, still holding %100+ return, getting drunk



To: Jane4IceCream who wrote (393)3/19/1998 8:54:00 PM
From: emergencyops  Read Replies (2) | Respond to of 7703
 
Jane

you are absolutely right about what happened today. A classic MM shake out. I was watching real time for a re-entry point and the B / A was about 1.17 / 1.25 and somebody put in a market sell order and got crushed. I blinked and the B / A went to 1.00 / 1.06.

It went from 1.43 down to 1.00 on very little volume relative to the daily volume. Needless to say I didn't push the buy button yet.

John, you are probably right about .85 as a good re-entry point

Lets see

Gary



To: Jane4IceCream who wrote (393)3/19/1998 9:19:00 PM
From: Larry Scruggs  Read Replies (1) | Respond to of 7703
 
Jane - To answer your question from yesterday, I felt the stock to be a good buy at $1.50 based on the business they are in. I owned both DLGC (closed up 2 3/8 at 44 3/4 today) and INTL which split at 60 and is now at 26 1/2. The lure is the thought of telephone calls over both corporate intranets and the internet. Made DGIV look *real* good.

So anyway, now I expect to recoup my earlier losses and expect to eventually make a few bucks. How's your cold - don't party too much.

Larry in Glendale (AZ) with Moo Moo the Rat Terrier

P.S. Are you familiar with Lake San Marcos? I want early retirement there. My father plays golf there every other day.