To: Marvin Mansky who wrote (6415 ) 6/29/1998 9:19:00 AM From: Dean Dumont Read Replies (3) | Respond to of 19331
Marvin and Steve, well, I know alot more about this market than I have any market in the past. The main contention for DCTC is to develope the market, the chart and eliminate several things. With this market the following have been removed until this week. 1. The ability to day trade DCTC is gone. 2 The ability to short DCTC is gone(laughable now) 3 The chart was taking nice shape and showing strength. One other thing that has come from all of this is a close associate of mine, and golf partner, has been running a chart and volume sheet on the stock to see and show momentium(unofficial. when getting to know and understand the market you develope the trading patterns and our trading pattern to me is clear and the consencus is this. (unofficially) DCTC Chart has taken a strong move to the $2.00 level and slightly above with support created as charted at $2.00(well no comment there). The volume compared to the market is show that DCTC is 1 1/8 under its trading range, no based on values but volume. This has taken underconsideration that new buying has been developed and brought into the market. Thusly DCTC should be trading 3 to 3 1/8 mark. This comes even inconsideration with the most recent developements from the 13 G. Taking all this into consideration, I have had the damnedst time trying to find out why someone or a group doesn't want the stock to go above 2 1/4. Everytime we get there with good strenth, here comes a market maker and I will not say which one but, its always the same one, to the market, hitting the bids, then going to the offer with was formerly the bid. This has happened countless times and you all see it. So ask yourselves why would someone want to keep us DOWN instead of going up? What benefit is there? Plus knowing why the company didn't make a NASDAQ listing, because of all the the internet. I am sure that now all the descussion of AMEX is going to cause a few eye brows to raise. All the specualtion of an AMEX listing should be left to management and announcements. I know the lead trader on AMEX for Spier Leads and I will tell you all he is a no punches guy and hates rumor speculation. AMEX is not NASDAQ(yet) but do not allow us to lose the AMEX registration due to " Information Flow of FACTS" to the street before your done. Let the news read and I quote " DCTC has been approved to list its shares on The American Stock Exchange" Not all this HYPE that there will BE an application to AMEX. I think the addage of " People Buy on Mystery and Sell on History" should apply here. If we give the investing public the History first what is the sense of buying when they will feel the play is already out of the stock.