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


To: Pr-Ac Man who wrote (13426)1/8/1999 1:26:00 PM
From: Toni Wheeler  Read Replies (1) | Respond to of 19331
 
PAM...

*OT*
I had the very same problem....and I hate to tell ya, but....it took 2 months (and ZERO trading time!) to transfer the accounts....I had to stay on them like crazy and it was the original broker who held the things up! I think a full versus a partial transfer takes somewhat less time...word of advise...make SURE you have EVERY form filled out exactly as they want...go over this with customer service...and tell them it is imperative that this transfer is made in a TIMELY fashion and stay on them!!

Good luck!
T.



To: Pr-Ac Man who wrote (13426)1/8/1999 1:45:00 PM
From: Jess  Respond to of 19331
 
I believe that is the case. I've done this in the past in just that way. A request to transfer the entire account is initiated through the new ( destination ) brokerage.

On another note -

Over the past few days there's been some concern expressed over share price, long termers, on and off topic etc. I've been invested in DCI for a while, not as long as some, but through a few of these price swings. I invested because I am generally impressed with the forthright management and its' ability to build a company wisely. Not every deal has been closed. It's as important to know when to walk away as when to stay. I believe that International LD is a real good place to be now. I am heavily invested in DCI and have never sold a share. If my crystal ball were a little cleaner I could be holding a "free" investment as could many of us here. But I'm in for the long term and as revenues continue to build I'm less willing to second guess the opportunity to sell and get back in. For those that have been doing so over the years more power to you.

Anyway, the point is I hope no one bases there investment decisions on what is posted on public boards. There are some truly unscrupulous posters ( not necessarily here ). Use what you read as guidance but do your own research and make your own decisions.

And on yet another note -

Bill - I hope all goes well for you. I apologize for the crap a year or so ago. I'd like to see the price go up every day but I bet it won't. When its down I buy more but I won't get overextended. I do believe we're nearing the end and am willing to buy at a higher prices than in the past.

Long answer to a quick question - happy investing to everyone. Hang in there. Opportunities like this are few and far between.

Jess Cunningham



To: Pr-Ac Man who wrote (13426)1/8/1999 3:46:00 PM
From: Colin Cody  Respond to of 19331
 
OT IRA issue - That should not be a problem -- moving from one broker to the other. You pick a new broker, fill in the forms and they submit the DTC request to the old IRA broker. The old broker has TEN DAYS to get it all over to the new broker.

Since you want to buy stock, you must have CASH in your IRA right now, or you're planning on selling the stocks in the IRA now, right?

If so, a FASTER move is (sell if necessary now) and withdraw the cash immediately from the old broker. SOMETIMES they will insist on withholding 20% or 28% tax and give you the rest.

Then you deposit the funds with the new broker, making up the 20% or 28% withholding from your own funds. You get a tax refund when you file your form 1040 for the withholding tax.

Check with your NEW IRA custodian/broker. Verify all I've told you. It should be a piece of cake!

Colin