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

To: Colin Cody who wrote (4477)	11/20/1998 2:08:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 4489

Interesting slow-down this afternoon as the buyers seem to be away on holiday. The Bid has been $3.78 dead-on since noon, in spite of sell after sell in the 500 share to 1,500 share range. Twice the Bid raised a penny or two and immediately we saw a huge trade come across at the Bid and after a few minutes of this a drop back down to $3.78 Bid by $3.79 Ask. IMO a negotiated trade where a MM bought inventory a little above the Bid. As such, I suspect the MMs are still taking in stock a bit in case they see yet another surge of buyers appear taking the stock over $4. They will likely drop the bid some more and widen the spread to bring in more shares (on very light volume) if this is in fact true. Whilke that would be a bullish sign, whether the stock will rally going into the weekend... I haven't any idea! Colin