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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: David Bartkowski who wrote (5209)	4/23/1998 1:35:00 PM
From: James Harold Alton	Respond to of 19331

David, I have not seen NFSC on the bid side in a long time. NFSC appears as bgtit suggested to be selling a clients position, so he does not need to go to the bid to get shares. In order for NFSC to make a profit on the shares being sold, he would raise the offer about the price the client is willing to sell at, short at that level then use the clients shares to cover, netting the difference. This does not appear to be what is happening, it appears that NFSC has a client who is willing to take 1.531 and when NFSC became active or whatever the term is he walked the ask down to that level. James

To: David Bartkowski who wrote (5209)	4/23/1998 1:53:00 PM
From: Dean Dumont	Read Replies (1) \| Respond to of 19331

Dave, what would normally happen as long as retail buying continues to come in as there has been, then NFSC will sit on the offer and short the stock in the transactions. He will then in house buy the stock from the seller that he may have. In this case, NFSC more than likely has stock in house that he can utilize to cover up on. Remember when you short something you must eventually BUY it back to cover. NFSC is doing that at the bid and giving the seller the market price of the sale. It just depends on how much more needs to be chewed through to get him out of the way and move on up.