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

To: De Peepster who wrote (15814)	4/24/1999 9:53:00 AM
From: Colin Cody	Respond to of 19331

I already did my part last year -- and we almost destroyed the shorts by breaking their backs. But now that the shorts have been bankrolled and are sitting, IMO, on significant cash reserves, having shorted DCI at $4+ and at $3, it is a new ball game. Heck, even today they could "cover" by buying shares at 25% to 50% less than they sold for, and come away all the richer for their trouble. Now that the shorts have IMO a large million shares ++ position in the float, and they have piles and piles of cash, and their other cash-flow problems have all been taken care of, we are at their mercy, just as I warned would happen. At this point the stock IMO can not go to say $5 on its existing merits for us to get listed. The now, well-financed shorts will simply short more "air" and force it back down. The stock IMO will only be able to rise once the Company issues real news as spelled out on my post yesterday: revenues or earnings or buy-out or NASDAQ listing, that sort of thing. Only this would bring in new buyers that would overcome the ability of well-healed shorters to provide enough supply to keep the price down. So at this point we are stabilized here at $2 and we will just have to WAIT until the business progresses and the pressure of buyers overcomes the finances of the shorters. Colin