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


To: jomama who wrote (15739)4/21/1999 11:12:00 AM
From: James Harold Alton  Respond to of 19331
 
jomama, Per your post:

"James,
I admire your patience and your ability to rationalize this low price.
If you bought 1000 shares at $3 and sold at $2.50 you have a whopping $500, and
alot of time and effort invested.
Not much of play. Also, at $3, there is no guarantee which way the price would go.
The chances are just as good that it would go up!
Much too risky! Short players grab stocks that suddenly rise because of news, and
wait for the eventual settle."

It would have been easy for a shorting group to have positioned above $3 and to expect to cover around $2. That's a $1+ swing and with 100,000 shares the pay off would very significant and worthwhile indeed.

To all reading my posts this AM regarding shorting in DCTC, I am deducing this influence based on our past trading history and logical reasoning. I do not have actual proof at this time that my hunch is correct but I cannot think of any other logical conclusions based on the data. If I am right, the best thing we can do is to add a few shares when we think this group might be trying to cover... Turn around is fair play after all....

James