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


To: Tri Bui who wrote (2354)1/8/1999 7:06:00 PM
From: Stephen  Respond to of 5102
 
Tri .. believe me ... there's no shorts left in this stock !!!. I would expect some consolidation. The stocks had a great run and most of the time has traded around the closing price. I was hoping for this price later next week !!. A lot of the internuts didn't bounce back with the market rebound, so I was impressed by DBCC's price strength. However, I'd be a bit wary Monday a.m. and wouldn't expect too much. JMHO... but we'll see soon enough !!!

Good luck all

Stephen



To: Tri Bui who wrote (2354)1/9/1999 11:48:00 AM
From: Stephen  Read Replies (2) | Respond to of 5102
 
A word of CAUTION - but first my apologies to Tri Bui as there are obviously shorts starting to take positions in the stock so I was wrong.

This is why.

I have just caught up with the posts and Mark is offering sage advice, this is a dangerous price area imho. It maybe worrthwhile doing a reality check. MWKT needs to debut at around 80 to be worth 10 points a share to DBCC. Even if that happens (doubtful but who knows) that would mean that DBCC needs to trade at its all time high of around 16 to get to the current 26+. These figures are approx, but close enough.

Take this into consideration with Marks posts and the arrival of shorts (who at some stage will start to 'workover' the thread posting all kinds of 'facts' to undermine the longs confidence), and many of you may want to take a step back and think about the downside as well as the potential upside. If briefing.com does another post like its last, stating the true worth of the IPO to DBCC, the price could take a sudden dive.

Thats the negatives.

On the other hand, the price held up well Friday, even though some of the other internets I follow lost their gains and ended the day negative. This is a good sign. Too bad there is a weekend between the momentum !!.

There should be lots of free advertising on CNBC next week ...so as long as they stay away from any facts like briefing.com (which lets face it, is almost a certainty given the amount of 'in-depth' reporting CNBC do).

So I'm still looking for consolidation rather than appreciation early next week.... but then the price is a lot higher at this point than I expected/wanted.

Good luck all ... have a great weekend !!

Stephen