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


To: Smiley who wrote (2074)1/5/1999 12:16:00 AM
From: Stephen  Read Replies (1) | Respond to of 5102
 
Joe, you maybe right .. however, stocks that gain over 20% in one day like DBCC did Friday often consolidate before continuing a move upwards. DBCC showed a lot of strength today, with larger bids buying up the smaller offers. Thats usually a good sign. The only time the stock looked weak was when it dipped to 18 ... but all the stocks I watched tanked really badly then as the overall market sank and there were no buyers. However, just like DBCC, they also recovered.
With short term position plays it best to have a target price in mind and not watch the intra-day moves imho.

Good luck all

Stephen