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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?


To: Rollcast... who wrote (1679)12/17/1998 12:13:00 PM
From: Mark[ox5]  Read Replies (2) | Respond to of 5102
 
Weakness is due to people playing this one like they played MALL. And many expected a mid Dec IPO for Marketwatch. Vast majority of people who play internet stocks have a "long term" out look of 1-2 weeks. They are impatient and if news is not out they move on to the next hot play. So thats why you are seeing light selling combined with not a lot of demand.

The people who move these stocks play momentum and right now there is no NEW news to drive it... so it will drift lower and stablilize (as it has done now) Maybe another dollar down is possible (to lower 7s).

But once a clear date is announced they same people will be back in this stock driving it up to play the IPO. Until then you just have to buy and wait ... or wait to buy until the IPO date is set in stone.

This is just MMs dropping price day after day on light volume...

Mark