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Microcap & Penny Stocks : DFNL - Definition, LTD -- Ignore unavailable to you. Want to Upgrade?


To: BOOM BOOM who wrote (410)3/25/1998 2:24:00 PM
From: DutchDT  Read Replies (1) | Respond to of 723
 
Interesting...

DFNL woke up today after several days of slumber. Low volume, but the MMs are walking down the bid/ask.

Anyone with comments? Am I correctly reading today's movement?

Normally, this kind of (perceived) action will preclude a move up...

Mark.



To: BOOM BOOM who wrote (410)3/25/1998 3:55:00 PM
From: Bill Monahan  Read Replies (1) | Respond to of 723
 
Can't be sure on the financials date. I talked to IR a few weeks ago & was told that the auditor was working on 3rd Q and 4th Q financial results next. Got the indication that these results are close to break even (loss of 1 or 2c a share) and that the most promising Q is 1Q 98. I have to think that the 1Q results are at least a month away and will have the largest affect on the stock price. I'd be patient and buy on down days like today.

Give the IR guy a call if you want - Bill