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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sergio H who wrote (15021)4/12/1999 8:01:00 PM
From: Phil Jacobson   of 29382
 
Sergio,

MESG...

What to do with a stock that's tripled?

It's an internet stock. Let it run.

I'm not putting any stops on MESG. Pattern the last few days continues...closes about 1.5 points lower than intraday high, then blows through it one to three days later. Heard the YHOO deal rumor (ie, MESG gets YHOO as a client). I think something big is about to be announced, but have no idea if it's actually YHOO.

Is it simply daytraders doing this? No, I don't think so. They're in but consider the fact that on today's opening from hell for tech and internet stocks, MESG actually gapped up at the open. Then it just kept going.

Phil
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