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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: bullmarket who wrote (15079)	6/23/1998 12:28:00 PM
From: Norman Stone	Read Replies (3) \| Respond to of 50264

>> it is only natural for a stock to retrace. NO STOCK can sustain a rise forever-at some points, the share price has to "consolidate" at a base before going up with more good news << Funny how, now that this opinion is old news, it sounds so logical, but 6 weeks ago, when it could have been useful, the same opinion was ragged on incessantly. Now here is the next opinion that will be ragged on: IF DGIV has the potential to reach 30, or even 20, then it makes sense to sell at these levels, and rebuy when the price returns to above 5 (or drops to below 1, thereby returning to the long shot category). RATIONALES: Downside: the market is expressing doubts about the financials of DGIV, and if its next report is negative, it will return to 1+ or lower. With no hints of positive revenues in the air, the odds of a negative report increase daily. Upside: if belief in this company is well-founded, the loss incurred by selling here and having to rebuy above 5 will be minor. The only reason to hold steady at these prices would be the belief that DGIV has found its equilibrium here. But it looks more like it is on a "razor's edge", and on next news could either depreciate to below a buck, or break ten (with really good news). Further rationale: if the credibility of DGIV has not waned, anyone who spent his last buck on DGIV at 7 should be willing to hock his family jewels at this price, but that is not happening out there. If YOU are not buying, then those less convinced are not buying, and that means bad news of any kind will lead downward. If it begins to hurt, the DGIV faithful will bail in buckets. No one wants to experience the transition from Faithful Warrior to The Last Putz. This is the risk, while the reward for holding through next news is not proportional, IMO.