To: Ed Pettee who wrote (7322 ) 7/31/1998 5:20:00 PM From: James Harold Alton Read Replies (1) | Respond to of 19331
Ed, I also bought a few shares today, only at 2 5/16, so you did better than I but agree with your comment that buying in the low 2's is a really good move long term. The most important thing to keep in mind is that the drop we saw today in our stock is not related to what is going on with DCI, it's a function of there not being enough buying to absorb all of the shares that NITE wanted to sell this afternoon. A MM can see the buy orders sitting at lower prices, so if NITE was for instance told by the seller to get him at least $1.75 there is nothing to keep him from dropping the price to pick up those orders. Note that I am not knocking anyone for putting in limit orders below the current price, the shares NITE wants to move have got to all be purchased before our overhead is gone again and at lower prices our investment $$ will purchase more of those shares. This week has been very educational to us. We got to see how our stock would react without any overhead for 4 1/2 days and then we got to see how quickly this can be unwound when the CC (unverified at this time, but given it's the end of the month, I am betting these are the Whyteburg shares coming to market) selling is back on top of us. I had also heard that bgtit, who has been looking after the Whyteburg shares for us each month was out of town today..I do believe this was a factor. If these are the Whyteburg shares, then there should not be many left for this month. I would like to pose a question to all to consider: Given the performance of DCTC this week up until this afternoon, where would our share price end up if the CC selling was off of us for a couple months? We already know how our stock performs when under the selling pressure from that group, I propose that we consider our options to deal with that selling pressure on a permanent basis. The most direct and positive measure IMO would be to arrange to repurchase all of the CC shares that are at all likely to come to market. I would welcome any other ideas. I am posting the final trading log, which shows continued drops in our price, with net buying. tl: prev: DCTC
DCTC - Transaction Log
4:05:14 8 1100 2.000 T 3:48:55 8 1000 2.094
4:05:08 8 1000 2.031 Z 3:48:51 8 2.062 - 2.125 5x
4:04:26 8 1000 2.063 Z 3:48:38 8 1000 2.094
4:03:44 8 1000 2.125 Z 3:48:30 8 2.062 - 2.156 5x
4:02:43 8 1000 2.156 Z 3:46:39 8 2.093 - 2.156 5x
3:59:39 8 1000 2.094 3:46:23 8 500 2.125
3:59:28 8 2.031 - 2.125 5x5 3:46:21 8 2.093 - 2.187 5x
3:59:23 8 2.000 - 2.125 5x5 3:45:53 8 500 2.125
3:58:37 8 1200 2.094 3:43:49 8 2.125 - 2.187 5x
3:55:15 8 1000 2.094 3:41:35 8 500 2.156
3:55:12 8 500 2.000 3:24:00 8 500 2.188
3:55:07 8 500 2.094 3:23:30 8 5000 2.156
3:53:30 8 1000 2.094 3:23:21 8 1000 2.156
3:52:50 8 2000 2.094 3:21:35 8 500 2.156
3:52:27 8 1500 2.031 3:20:45 8 1800 2.188
3:52:13 8 2.000 - 2.093 5x5 3:20:44 8 1900 2.188
3:50:38 8 1000 2.063 3:20:39 8 2000 2.188
3:50:31 8 900 2.125 3:12:55 8 500 2.188
3:50:31 8 2.031 - 2.125 5x5 3:12:45 8 2.156 - 2.187 5x
3:49:39 8 1000 2.125 3:12:41 8 1000 2.188
3:49:26 8 1000 2.156 3:12:35 8 2.156 - 2.218 5x
tl: prev: /
DCTC - Transaction Log
3:10:39 8 2.187 - 2.218 5x5 2:39:08 8 2.343 - 2.375
3:06:12 8 2.187 - 2.250 5x5 2:38:29 8 500 2.406
2:51:58 8 500 2.250 2:38:03 8 2000 2.406
2:50:48 8 1000 2.250 2:36:48 8 2.375 - 2.406
2:50:44 8 1000 2.250 2:35:27 8 1500 2.375
2:50:38 8 2.218 - 2.250 5x5 2:35:13 8 2.343 - 2.406
2:50:31 8 2.218 - 2.281 5x5 2:34:50 8 2000 2.375
2:44:10 8 2000 2.281 2:34:19 8 1000 2.375
2:43:58 8 1000 2.281 2:33:48 8 1200 2.313
2:43:55 8 1000 2.281 2:33:31 8 500 2.375
2:43:55 8 2000 2.281 2:33:09 8 1000 2.375
2:43:49 8 2.250 - 2.281 5x5 2:32:15 8 2.343 - 2.375
2:43:42 8 2.250 - 2.312 5x5 2:31:11 8 500 2.375
2:43:18 8 600 2.313 2:30:50 8 1000 2.375
2:40:27 8 2000 2.313 2:25:44 8 5000 2.281
2:40:23 8 2.281 - 2.312 5x5 2:24:29 8 2000 2.375
2:39:44 8 2.312 - 2.375 5x5 2:19:58 8 2000 2.281
2:39:40 8 500 2.375 2:18:21 8 500 2.375
2:39:38 8 2.281 - 2.375 5x5 2:10:27 8 2.281 - 2.375
2:39:28 8 2.312 - 2.375 5x5 2:10:22 8 500 2.344
2:39:18 8 500 2.375 2:09:40 8 2.250 - 2.375
2:09:19 8 1000 2.313 1:48:30 8 2000 2.250
2:09:14 8 2.250 - 2.343 5x5 1:48:24 8 2.218 - 2.250
2:07:51 8 1000 2.313 1:48:23 8 2.218 - 2.312
2:07:44 8 2.250 - 2.312 5x5 1:47:32 8 1100 2.313
2:07:02 8 2.250 - 2.312 5x5 1:47:04 8 2000 2.250
2:05:45 8 6000 2.250 1:46:43 8 1000 2.313
2:05:15 8 1000 2.313 1:46:42 8 2.250 - 2.312
2:05:11 8 2.218 - 2.312 5x5 1:41:05 8 2.250 - 2.343
2:05:03 8 1000 2.250 1:40:20 8 2.250 - 2.312
2:04:56 8 1000 2.250 1:39:32 8 500 2.313
2:04:47 8 500 2.250 1:38:13 8 2.218 - 2.312
2:04:09 8 700 2.250 1:37:21 8 2.218 - 2.343
2:03:58 8 2.187 - 2.312 5x5 1:34:54 8 1000 2.250
2:03:12 8 500 2.250 1:33:38 8 500 2.250
1:59:49 8 500 2.188 1:33:34 8 1000 2.250
1:58:55 8 1000 2.250 1:32:35 8 2000 2.375
1:50:35 8 500 2.219 1:32:16 8 2.250 - 2.343
1:49:59 8 2.187 - 2.250 5x5 1:32:10 8 2500 2.281
1:49:45 8 1000 2.219 1:30:47 8 2.281 - 2.343
1:48:43 8 3000 2.250 1:30:25 8 2.281 - 2.375
1:48:30 8 1000 2.250 1:30:20 8 500 2.344
2:09:19 8 1000 2.313 1:48:30 8 2000 2.250
2:09:14 8 2.250 - 2.343 5x5 1:48:24 8 2.218 - 2.250
2:07:51 8 1000 2.313 1:48:23 8 2.218 - 2.312
2:07:44 8 2.250 - 2.312 5x5 1:47:32 8 1100 2.313
2:07:02 8 2.250 - 2.312 5x5 1:47:04 8 2000 2.250
2:05:45 8 6000 2.250 1:46:43 8 1000 2.313
2:05:15 8 1000 2.313 1:46:42 8 2.250 - 2.312
2:05:11 8 2.218 - 2.312 5x5 1:41:05 8 2.250 - 2.343
2:05:03 8 1000 2.250 1:40:20 8 2.250 - 2.312
2:04:56 8 1000 2.250 1:39:32 8 500 2.313
2:04:47 8 500 2.250 1:38:13 8 2.218 - 2.312
2:04:09 8 700 2.250 1:37:21 8 2.218 - 2.343
2:03:58 8 2.187 - 2.312 5x5 1:34:54 8 1000 2.250
2:03:12 8 500 2.250 1:33:38 8 500 2.250
1:59:49 8 500 2.188 1:33:34 8 1000 2.250
1:58:55 8 1000 2.250 1:32:35 8 2000 2.375
1:50:35 8 500 2.219 1:32:16 8 2.250 - 2.343
1:49:59 8 2.187 - 2.250 5x5 1:32:10 8 2500 2.281
1:49:45 8 1000 2.219 1:30:47 8 2.281 - 2.343
1:48:43 8 3000 2.250 1:30:25 8 2.281 - 2.375
1:48:30 8 1000 2.250 1:30:20 8 500 2.344
DCTC - Transaction Log
12:56:38 8 1000 2.500 12:48:33 8 2.531 - 2.562
12:56:15 8 2000 2.500 12:47:25 8 1000 2.531 Z
12:56:10 8 2.468 - 2.500 5x5 12:41:06 8 500 2.594
12:56:09 8 500 2.500 12:31:43 8 1000 2.531
12:55:15 8 2000 2.500 12:30:13 8 2500 2.531
12:55:05 8 2.468 - 2.531 5x5 12:09:36 8 2500 2.563
12:53:21 8 1000 2.531 12:08:25 8 7500 2.563
12:52:24 8 1000 2.500 12:08:05 8 2.531 - 2.593
12:52:12 8 2500 2.500 12:06:56 8 2.562 - 2.593
12:51:58 8 2.500 - 2.531 5x5 12:06:17 8 2500 2.563
12:51:33 8 1000 2.500 12:02:44 8 500 2.594
12:49:51 8 T 2.531 12:01:41 8 2.531 - 2.593
12:49:51 8 V 264900 12:01:19 8 1600 2.563
12:49:47 8 300 2.531 12:00:58 8 1000 2.563
12:49:46 8 2.500 - 2.531 5x5 12:00:46 8 2.500 - 2.593
12:49:36 8 2600 2.531 correc 11:59:55 8 1000 2.563
12:49:36 8 2600 2.563 bad 11:58:46 8 2500 2.594
12:49:36 8 2.500 - 2.562 5x5 11:58:02 8 5000 2.594
12:49:21 8 2500 2.531 11:57:43 8 2.562 - 2.593
12:49:12 8 2.531 - 2.562 5x5 11:57:03 8 2.562 - 2.625
12:48:44 8 500 2.563 11:55:59 8 16000 2.594
DCTC - Transaction Log
11:55:53 8 2.593 - 2.625 5x5 10:42:20 8 1000 2.656 Z
11:55:33 8 1000 2.594 10:41:19 8 1000 2.688
11:55:14 8 2.562 - 2.625 5x5 10:38:49 8 500 2.625
11:54:54 8 1000 2.594 10:33:58 8 1000 2.625
11:51:17 8 200 2.594 10:22:40 8 2.625 - 2.687
11:31:29 8 5000 2.625 10:22:20 8 8000 2.656
11:31:08 8 2000 2.625 10:22:15 8 10000 2.656
11:30:12 8 500 2.625 10:21:55 8 5000 2.625
11:29:27 8 200 2.625 10:21:02 8 2.656 - 2.687
11:29:20 8 500 2.625 10:20:32 8 2.625 - 2.656
11:28:54 8 2.593 - 2.625 5x5 10:20:07 8 2000 2.656
11:19:04 8 4000 2.625 10:20:02 8 2.625 - 2.687
11:17:36 8 500 2.625 10:19:53 8 2000 2.656
11:17:27 8 500 2.625 10:16:14 8 1000 2.688
11:17:10 8 1000 2.625 10:15:58 8 400 2.688
11:16:39 8 2.593 - 2.656 5x5 10:14:51 8 400 2.688
11:16:07 8 2.625 - 2.656 5x5 10:14:50 8 1000 2.688
11:15:31 8 2.625 - 2.656 5x5 10:13:52 8 1000 2.688
11:07:19 8 500 2.688 10:13:27 8 2500 2.688
10:53:55 8 200 2.688 10:12:14 8 1700 2.688
10:52:41 8 1000 2.688 10:11:46 8 3000 2.700
DCTC - Transaction Log
10:11:44 8 3500 2.688 9:58:06 8 10000 2.750
10:11:37 8 2.656 - 2.687 5x5 9:57:48 8 6000 2.781
10:11:07 8 1000 2.688 9:57:46 8 2.750 - 2.812
10:10:58 8 2.656 - 2.718 5x5 9:56:43 8 500 2.750
10:10:19 8 2.687 - 2.718 5x5 9:56:40 8 500 2.750
10:08:52 8 4000 2.781 9:56:36 8 6000 2.781
10:08:50 8 2.687 - 2.750 5x5 9:55:48 8 1500 2.781
10:08:16 8 2500 2.688 9:55:21 8 1000 2.813
10:06:03 8 500 2.688 9:55:07 8 1000 2.781
10:03:30 8 500 2.813 Z 9:54:56 8 1000 2.781
10:03:28 8 1000 2.781 9:54:56 8 5000 2.781
10:03:25 8 500 2.781 9:54:54 8 2000 2.813
10:03:02 8 2.687 - 2.781 5x5 9:54:16 8 1000 2.781
10:02:22 8 2.656 - 2.781 5x5 9:54:16 8 500 2.813
10:01:37 8 500 2.750 9:53:39 8 3000 2.813
10:01:14 8 1000 2.750 9:53:26 8 2.750 - 2.781
10:01:07 8 2.656 - 2.812 5x5 9:53:23 8 1500 2.750
10:00:22 8 6900 2.813 9:53:21 8 4000 2.750
10:00:07 8 1000 2.813 9:53:20 8 200 2.750
9:59:08 8 2000 2.813 9:53:16 8 200 2.750
9:58:18 8 2000 2.781 9:53:03 8 2.750 - 2.812
DCTC - Transaction Log
9:52:45 8 2.718 - 2.812 5x5 9:47:39 8 500 2.688
9:52:32 8 500 2.750 9:47:37 8 500 2.688
9:52:32 8 2000 2.750 9:47:34 8 2.656 - 2.718
9:52:15 8 500 2.750 9:46:54 8 500 2.688
9:52:11 8 1000 2.750 9:46:41 8 2.656 - 2.687
9:51:19 8 1000 2.750 9:45:53 8 5000 2.688
9:51:13 8 500 2.750 9:43:27 8 1000 2.688
9:50:32 8 1000 2.719 9:43:23 8 400 2.688
9:50:29 8 2000 2.750 9:43:19 8 5000 2.688
9:50:16 8 1000 2.750 9:43:09 8 500 2.600
9:50:14 8 500 2.719 9:43:01 8 2000 2.688
9:49:10 8 2000 2.750 9:43:01 8 5000 2.688
9:49:10 8 500 2.750 9:42:42 8 500 2.625
9:49:10 8 500 2.750 9:42:29 8 4000 2.625
9:49:02 8 1000 2.750 9:42:12 8 500 2.625
9:48:50 8 1000 2.719 9:41:50 8 2.625 - 2.687
9:48:36 8 2.718 - 2.750 5x5 9:41:49 8 2.625 - 2.656
9:48:21 8 2.687 - 2.750 5x5 9:40:42 8 2.593 - 2.656
9:48:21 8 800 2.719 9:40:41 8 1000 2.625
9:47:56 8 500 2.688 9:40:39 8 1000 2.625
9:47:44 8 2.687 - 2.718 5x5 9:40:17 8 5000 2.625
tl:
DCTC - Transaction Log
9:39:11 8 5000 2.625
9:38:30 8 2000 2.625
9:38:20 8 1000 2.594
9:36:22 8 2.593 - 2.625 5x5
9:36:11 8 5500 2.600
9:35:47 8 2.562 - 2.625 5x5
9:35:45 8 200 2.594
9:35:21 8 10000 2.563
9:34:47 8 500 2.594
9:34:01 8 2800 2.594
9:33:54 8 1000 2.563
9:33:51 8 3000 2.594
9:33:49 8 2.562 - 2.593 5x5
9:33:10 8 1000 2.563
9:33:08 8 200 2.563
9:33:04 8 600 2.594
9:32:58 8 2.531 - 2.593 5x5
9:30:56 8 1000 2.563
** end of data **
DCTC Domestic
Best Bid/Ask... 2.031 2.125 0 x 0
Bid Ask Bid x Ask Date Time Telephone# Indicator
________ ________ ___________ ________ ________ __________ _________
WIEN 2.031 2.125 5 x 5 07/31/98 15:59:28 O F
GVRC 1.813 2.469 5 x 5 07/31/98 15:59:27 O F
SHRP 1.750 2.125 5 x 5 07/31/98 15:50:31 O F
HILL 1.875 2.125 5 x 5 07/31/98 15:48:51 O F
HRZG 1.688 2.156 5 x 5 07/31/98 15:47:52 O F
TSCO 2.000 2.250 5 x 5 07/31/98 15:46:21 O F
MHMY 1.875 2.250 5 x 5 07/31/98 15:45:51 O F
OLIE 2.000 2.500 5 x 5 07/31/98 15:44:18 O F
SHWD 2.000 2.250 5 x 5 07/31/98 15:21:39 O F
NAWE 2.000 2.500 5 x 5 07/31/98 15:13:45 O F
NITE 1.875 2.188 5 x 5 07/31/98 15:12:45 O F
FRAN 1.938 2.938 5 x 5 07/31/98 15:12:08 O F
FAHN 1.875 2.750 5 x 5 07/31/98 15:02:56 2124227813 O F
PGON 1.906 2.656 5 x 5 07/31/98 14:44:16 O F
Bid Ask Bid x Ask Date Time Telephone# Indicato
________ ________ ___________ ________ ________ __________ ________
NFSC 2.000 2.750 5 x 5 07/31/98 14:35:42 2127204800 O F
MASH 2.000 2.563 5 x 5 07/31/98 14:32:39 O F
WDCO 1.844 2.438 5 x 5 07/31/98 13:52:05 O F
NAIB 1.750 3.250 5 x 5 07/30/98 10:33:40 O F
EQUI 1.000 3.125 25 x 5 07/08/98 10:15:12 8002661170 O F
KCMO 0 x 0 04/10/98 10:53:24 O F
James