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Strategies & Market Trends : Lizard King's Trading Swamp -- Ignore unavailable to you. Want to Upgrade?

To: tdl4138 who wrote (5333)	3/22/1998 12:52:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 7396

DMIC, looks like some fund managers dumped this stock big-time...I calculate now you have about 15 million shares to plow through if this stock turns around in the 16.12-16.50 area...Stock looks to be forming a double bottom, but to finish completing one of these sometimes takes months...The stock recently got to a very oversold level and the shorts covered, and people like Lizard probably bought the bounce, took their profits and ran somewhere else...At this time I would stand aside on this stock...Stock is trading range bound from 12.00-16.62 ....Mark