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

To: B. A. Marlow who wrote (4846)	6/3/1999 11:54:00 AM
From: David Rubin	Read Replies (1) \| Respond to of 5102

I know it seems strange, but yes I think DBCC is a good short here. The Internet correction is not over and DBCC, like other Internet stocks, has taken out crucial support levels. For DBCC the next support is around 10. I will cover there, unless things look real bad in which case I will wait until 7. I held from 17 down to 13 because it was on low volume, but I've learned (the hard way) to respect those support lines. I am worried about a takeover which could put me deep into the red in one fell swoop, but I would think that anyone looking to buy DBCC is also aware of the bearish chart and will wait until it goes lower to get a more attractive price. If DBCC turns back up on high volume I will probably cover. Unfortunately I think the upside is severely limited by those who bought at much higher levels in January and are still hanging on. These people might exit quickly if DBCC gets back to the high teens.