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


To: Richard B. Haenisch who wrote (2402)1/9/1999 8:34:00 AM
From: WaveSeeker  Read Replies (2) | Respond to of 5102
 
Float is getting absorbed (price target 38-43)

Richard,

What's happening with the DBCC float is very interesting though. On huge trading volume, it managed to hold its +6 gain. It had countless dips during the day when new buyers stepped in, and although plenty of day traders were in there, more investors are holding for next week. Although its float is generally 3 to 5 times greater than many of the Internet stocks, I think it can peak in the mid-40 to mid-50 range.