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

To: Sly_ who wrote (2378)	1/9/1999 12:11:00 AM
From: Mark[ox5]	Respond to of 5102

Well Sly I dont know if you want to rely on me for any price targets based on what I predicted last Sunday: Yes Jimmy, I expect a lot of volume and the #1 volume leader usually gets on CNBC pretty early in the morning especially since I expect 8-10M traded by NOON. How's this for closing guesses: Monday $24 (Amazon splits; AOL gets added to SP500) Tuesday $28 Wednesday $24 (as daytraders get bored, newbies get scared, one last big shakeout, and loss of some momentum) Thursday $29 Friday $33 Grin.. well i didnt do so bad on the Friday prediction and I did say for people to forget even looking at DBCC until Thursday/Friday.. so at least I got part of it right. As for next week, Im going to do what Kimberly says and just constantly adjust my guidelines. I do know this, until today this was (in my mind) a safe stock... now from here on out it gets tricky. The momo guys entered the stock today and when they decide to exit will be interesting to watch. (p.s. one good time to sell is when everyone on the board thinks it will go up $10 the next day!) Then again the internet stocks seem to break all rules... Once again, like I said at the $20 level yesterday, those big round numbers are very psychological. If (somehow) we could gap up above $30 then I think this could get very very very interesting very fast, but if we gap up to say something more plausible such as $28, then it should be interesting when we hit $29 7/8. This happens to a lot of stocks. With YHOO this week it was like $240 Monday and it progressed quickly to $299 15/16 on day one, retracted, then butted up to $299 7/8 the next day, pulled back and then finally broke through, and almost instantly went to $330. Now the question is this... the news is out... it has been out everywhere, everyone knows about it who watches CNBC after the mentions today.. now you have to see who is willing to buy it. A large gap up would help us simply because momentum guys would jump back on it as they saw it "still had legs". Last, this 4 day internet run has been astounding (when $200+ issues move up 25% a day, that is just mind BOGGLING) and I don't know if it can sustain another 2-3 days. Like I said these internet super runs usually seem to go 4 days and by the 5th day people are shaking their heads and saying "how can I justify paying $400 for YHOO when it was $240 3 days ago", etc. I don't try to market time much but I think this upcoming week will be a time to get out (or lighten up at least) at least for some correction in all these issues. The only sector really moving is I-nets.. even the MSFT's and CSCO's of the world are falling slighly ... so no breadth in the market. Its basically the daytraders and individual investors moving 1 sector of the market, while the rest of the pack is standing still. But who knows... lots of things to think about. All I know is this phenomonom of so many individual investors with the power to trade at such a low commisions, and all interested in 1 sector of the market is amazing and mind boggling at the same time. Good luck to us all.. this is the payoff for us who have been here 3..4...5. weeks (and those longer too) Mark