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


To: Todd Miller who wrote (7367)8/1/1998 1:27:00 PM
From: De Peepster  Read Replies (1) | Respond to of 19331
 
Dear Todd,
As James mentioned there was a 100K position. The "action" we
all saw on Friday I had expected Thursday, the first 1/2 hour of trading on Friday we had 139,300 shares traded, the second 1/2 hour
53,000, then wham stalemate.
We had many things hit Friday a triple witching if you will, buy on rumor sell on fact, continued liquidation of Certain shares, Muster day for some MMs, normal selling due to 2.75 milestone, and some holders just wigged when they saw the drop,, ok whoops that is 5. Another day, more shares scooped into friendly hands, and here
we are with a brand new month and super news from the company, I
for one have learned so much this last few weeks through the annual report and postings from the meeting. Fortified,, DP



To: Todd Miller who wrote (7367)8/1/1998 1:40:00 PM
From: James Harold Alton  Read Replies (2) | Respond to of 19331
 
Todd, As is well known, there was speculation (hope) that it would be announced at the meeting that DCI had been sold for some amount per share, and that speculation was all over this BB. Some CC shareholders obviously want to liquidate their positions but IMO were willing to wait for a few days to see what came out of the meeting. Since DCI had not been sold the selling resumed on Friday. If you go back through my posts you will see that I suggested this might be what would happen given that scenario. The traders limited our upside on Friday and helped drop us to the $2.50 level but were not responsible for the drop below $2.50. We dropped from that level on BUYING not selling. The MM NITE had shares to move and lowered the ASK price in the late afternoon tick after tick on BUYING. If traders had caused the drop, the tape would show SELLING as we dropped. Without level 2, I can see how the actions of our stock on Friday could be misinterpeted, which is why I have posted the trading log and MM pages.

James