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


To: mark garner who wrote (16014)6/26/1998 12:57:00 AM
From: Howard C.  Respond to of 50264
 
Mark, I have no idea what your message means, but it's real simple, if a person think it's near the bottom, buy, if not, wait. The only thing I notice from a quick scan of all your messages is that you appear to be close to 100% negative on everything. Why is that? That must be a terrible burden to bear in life. Really. Just an observation.



To: mark garner who wrote (16014)6/26/1998 1:31:00 AM
From: JC Reddy  Respond to of 50264
 
I AM NOT WORRIED.

DGIV fell from 6.25 to 3.125 in 12 trading days.
Am I worried? No. Why? Because I believe:

(1) The fall was artificial
(2) DGIV will deliver what it promises to deliver.

Let's do simple analysis. The total volume since
6/09 is about 3 million. The actual shares that
changed hands is less than half of that - say
1.3-1.4 million. That's about 20-25% of the total
float (Have you checked volume/float ratio
on AMZN?). I also looked at the BUYS/SELLS which
look approximately equal, at all levels.

The fact is we are half we were on an extremely
low volume and on SELL/BUY ratio of 1.0, at all
levels. Obviously this was not dictated by pure
market forces.

The last 4 days combined volume is approximately
same as the combined total of previous 8 days.
We dropped 42% in those 8 days on about 800,000
shares traded!

The fact is that there was never any massive or
panic selling - never. Some have locked in their
profits (some only to enter at lower levels),
some were disappointed with the lack of upward
momentum in the stock (some will join again when
the stock picks up), and some who bought in at
higher levels cut down their losses. No panic
selling.

This is all after major shake out attempts, which
we are all well aware of.

That alone is enough for me.