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


To: AKAPAK who wrote (10128)11/3/1998 9:32:00 AM
From: Ken Salaets  Read Replies (1) | Respond to of 19331
 
Thanks, Paul and James. Just got the same info from my broker. Looks like the J-HA trend is back in play. ggg.

Ken



To: AKAPAK who wrote (10128)11/3/1998 10:33:00 AM
From: Colin Cody  Read Replies (2) | Respond to of 19331
 
Classic short and cover this morning. They felt out the demand and charged everyone $1.60 until all buyers were taken care of. Then at 10:04 there is a sell of 300 shares BELOW the bid. The bid is lowered to match this "big selloff".

5 minutes later.... sellers come along 2,000+ shares per trade being sold to help the MMs cover this mornings shorting.

Unless another slew of buyers come along this should allow the MMs to lower the price some more and maybe even build up a small inventory, but with the volatility here I'd expect the wholesalers to try to remain "flat".

Colin