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


To: B. A. Marlow who wrote (4844)6/2/1999 12:29:00 PM
From: David Rubin  Read Replies (1) | Respond to of 5102
 
I don't know if I'd be buying here. The chart is real ugly on this one. When DBCC lost 13 it took out a 6 month support line. The next support is at 10, and that is weak. The next long-term support is in the 7 area.

The drop has been on low volume, but the buyers haven't swooped in as they did in previous corrections, on 2/25, 3/9, 4/5 and 4/20. This is a sign that institutional sponsorship is weakening.

I am now short the stock, trying to recover some of my losses. Until AOL, YHOO, and AMZN recover, I don't think second-tier stocks like DBCC and MKTW have a chance.