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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP.

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To: NucTrader who wrote (381)7/28/1998 4:48:00 PM
From: AL TOTH   of 1434
 
JOE, NUCTRADER AND OTHER MSPG longs---Reading the posts on this thread
all the longs offer no comments of any substantial analysis except
how great the internet is and MSPG is part of that world where stocks just go up indefinitely..
There is significant analysis by others as to why MSPG is bound
to substantially retreat in price. Instead of thinking of these
comments as negative, read them with an open mind. They are designed
to protect fellow SI posters from going down the yellow brick road
only to fall off a cliff.
If you read yesterdays posts you will see that MSPG has acted today as predicted:
Volume has dramatically decreased since the split--3,853,000 shares on Monday and 2,394,000 shares today. The retail buyers are leaving the stock and not buying it back after selling their shares.
About 4 marketmakers kept the stock propped up yesterday. Today only
one, TSCO, was attempting to keep the stock up at the end of the day.
ELNK which is very similar to MSPG is now at $38.75 per share. With buying dried up, MSPG should continue its retreat down to the low or mid 30s very soon.
Now the longs can heed our analysis and save some well earned profit
or watch it slowly erode away. If you want to invest in the internet, there are plenty of opportunities with other companies. Right now,
MSPG is not one of them. Besides you can always buy it back when it
goes back to $30.

AL
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