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

To: Colin Cody who wrote (7015)	7/23/1998 12:38:00 PM
From: Musya	Read Replies (2) \| Respond to of 19331

Colin, I really don't want to argue about every point. Just a few words. Legitimate short covering IS followed by an uptick of the bid. Take any trading book, you will see it written. Together with the reasons why. Locus all over BB was not a leak, because nobody, as far as I remember said: "I was told by the company it is a done deal," People were only discussing the possibility (after official LOI), and were generally dreaming. I 100% agree with you about "until the fat lady sings." As for the selling on the news, it usually happens AFTER a runup. We did not see the runup yet, so there is no substantial selling. BTW, if you look at the tape for the last hour or so, the selling is of the same strength as the buying. The stock is not going anywhere for a while. Grab a "Snickers." Musya

To: Colin Cody who wrote (7015)	7/23/1998 12:45:00 PM
From: James Harold Alton	Read Replies (1) \| Respond to of 19331

Colin, Per your post: "Musya, I think you've completely missed the mark, as follows: I would expect a short covering to be followed by an uptick of the bid, WHY? This news release told those already onto the stock closely nothing new that they couldn't have figured out previously." I disagree. There is a huge difference IMO between having a letter of intent and having a definitive agreement. It's the difference between agreeing in principle and actually agreeing on the terms, wording of the contract etc. It's true as you said the fat lady hasn't yet sung on this deal, but now it's just a matter of the financing. (and I agree with Medsker on this, we have several options here) James