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


To: James Harold Alton who wrote (6587)7/7/1998 4:57:00 PM
From: Parker Benchley  Respond to of 19331
 
Onward my *SS, how about wishing for "upward" for a while? (G)

James,

Well, I thought "onward" was the kinder metaphor today as "upward" is either:

A. Too specific a direction as to what the action today is to our posteriors.

B. Too romantic.

Since I'm feeling in need of neither at the moment, for diversion I'm
tying DAMIEN to a post and putting the CD version of Elvis' "Amazing Grace" on repeat. I would have put on Jerry Lee Lewis, but DAMIEN identifies too much with him.

I think the technical name for what happened today is sucks.

Forward.....

George



To: James Harold Alton who wrote (6587)7/7/1998 5:15:00 PM
From: Mr. Cellophane Man  Read Replies (2) | Respond to of 19331
 
James, You write: "You have certainly got this part right, the question to be answered is "why"?".

The obvious answer to me is because nobody knows about us because we have no PR. We could have the best fundamentals in the entire free world but if nobody knows us, so what? Musya is right in saying it doesn't matter what our valuation "should be", what matters is what the street thinks. If they don't know about us, nothing else matters.

Also, I see zero value in speculation about the identity of a seller of 37K shares. There are lots of shareholders among us that could drop (one or more) "bombs" like that, i.e., we can't always blame those North of the border. I'd bet some of our "stong hands" are getting fed up enough at being jerked around by the MMs to think strongly about starting to drop some of their own. If we can't live with 37K "bombs" without a 10.71% price drop (what I think we lost today), IMO this holding is pretty damn scary.

I'm by no means an expert on buyback programs but just think what if DCI bought back 50K shares a day at $1.50 for 18 market days. This would get us past the shareholder meeting, perhaps the Locus deal, and hopefully the filing of the 1st quarter results at a total cost of $1.35M. We'd also have 900K shares back in the fold. When we last saw some numbers, it seems that we still had the lion's share of our $5M buyback left so doing what I suggested (or even more) seems totally do-able.

Personally, I think it's time for DCI to start shelling out (again). Like I say, I'm no expert but tell me the fallacy in my scenario. [And don't get hung up on my 50K/day number ... that's just for the example. From the buyback numbers I remember seeing (albeit several months ago) we probably have enough left in the kitty to more than double my number].

Dan

(Note: These hypotheticals aren't necessarily directed at you James; you just happen to be at the right place at the wrong time :-)).



To: James Harold Alton who wrote (6587)7/7/1998 7:29:00 PM
From: JOE MEDSKER  Respond to of 19331
 
<<<<If you look at the TL I posted, the $1.35 trade for 37K shares was below the lowest bid we had today. Perhaps it was a market order and the MM's took advantage of that seller?>>>>

JHA,
When we saw TSCO on an ask price that was below HRZG's bid we should have known something was amiss this morning. I believe the 37K was a negotiated sale that took place either late yesterday or before the bell this morning. We never did see the bid actually drop to that price. As to who sold, it really doesn't make a difference but It might have been Hart Properties which I believe was a CC stockholder or it could have been John Daily. If I remember correctly, he can sell 50K a month.

Best Regards