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

To: tom pope who wrote (1890)	1/2/1999 12:51:00 PM
From: Mark[ox5]	Respond to of 5102

Yes I know what you mean Tom.. I was home from work Thursday so i got to watch it real time. I was on a popular daytrading thread here, and I kept saying I expect a pullback to the 15-16 range. It never happened. It was very strange because as you say, usually when you have a big move there is a quick pullback as daytraders take there 10-20% and move on. My only explanations are: 1) A lot of people are going to play this as a position trade and hold on until the IPO week (so lack of selling there) 2) The MMs saw a lot of limit buy orders waiting at the 15 & 16 level so they saw it was useless to do a shakeout 3) The large level of institution ownership made this more stable than your typical Internet big jump stock. We also have to think about this... yes DBCC went up 25% Thursday but compared to other recent internet stock moves, is that really that much? No... so that is a good thing. Shows much more stability. I much prefer a 5-10% gain a day for the next week rather than up 60% Tuesday and down 45% Wednesday and back up 70% Thursday. Usually around 3:30 daytraders will close out positions so I expected some drop off there... the best I could do was 17.00 so I knew it was going to gap up MOnday AM so I just re-entered at that price. Right now my options are my "investment" (I wont trade them, just sell them at some point) and the common stock I'm going to try to trade to some degree. If the gap up Monday is "ridiculous" such as $23 or more I will sell my $17 shares for an instant 35% gain, and try to buy back at $20-21. If it runs away from me and keeps going up I still have my options to fall back on. But if I had only the common stock I wouldnt dare trade it simply because all it will take is a Kernan CNBC mention and it will jump 6 or 7 pts in about 5 minutes. A lot of the float (in my opinion) is going to be held for at least 5-7 trading days so in affect the float is reduced by each of those shareholders. Good luck next week and hope you get a good price to ride it up. Mark