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


To: Andy stupak who wrote (4929)4/17/1998 11:37:00 AM
From: Dixie7777  Read Replies (2) | Respond to of 7703
 
I'm long on this one but let's agree on one thing.

While the MM's have the potential to trigger sales from the weak of heart in order to cover the "air" they sell, they cannot, CANNOT keep a BUYER from placing an order at 6 1/2 or 7 or whatever. We also appear to have a large position blocking us at 6.25. We probably cannot get by that until someone steps up to the plate. Maybe one of those institutions Byron has alluded to. No telling how large the exiting position is.

Right now I agree the bastards (MM's) are "probably" out of inventory, confused to hell about where this equity is going, but one thing is certain; there are no buyers at the current price.

The great news is that there are virtually NO sellers to speak of. We are currently engaged in a waiting game. Until the finer details of JC's plan begin to emerge, or if some of the more astute investors on this thread can flesh out his ultimate destination with more FACT, we will continue to be whipsawed little by little by the MM's and of course the somewhat predictable PR's.

Not to say the direction through all of this will not be North, but probably more gradually than we/you have been used to.

As many of you and especially Byron has said in so many words, patience.

Rich