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


To: ztect who wrote (4092)1/16/1999 12:23:00 PM
From: Kimberly Lee  Read Replies (3) | Respond to of 5102
 
Really not that many. From 6 sources (didn't get anything from 2 of them), I managed to received a total of a few hundred shares in allocation, besides, I won't sell the 100 from Etrade within 30 days and the other 100 from Wit within 60 days lest it will endanger my eligibility for future allocation.

The Jan 30 calls are expiring worthless, so I have no need to cover. My only regret is that I didn't write any Jan 25 calls earlier this week. Already covered some of the common in the 24-26 area for the second time.

I like DBCC as a company and its services as I stated before, but it has little to do with my penchant of taking advantage of the directional movements of the stock. Friday the 15th was option expiration day as well as the last trading day before a long weekend, so a lot of profit taking, panic selling and option specialists gamesmanship occurred. It's hard to say how DBCC will trade on Tuesday but the downtrend was clearly established on Tuesday the 12th, the key reversal day. One thing is sure, at least in my view, that in both directions, the easy money has been made already.

Take care,
Kimberly