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Technology Stocks : MessageMedia Inc. (MESG)
MESG 18.65-25.4%May 25 5:00 PM EST

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To: Gutterball who wrote (166)6/26/1999 12:09:00 PM
From: White Shoes  Read Replies (1) of 553
 
Yes, MESG is on the list for the Russell 3000 additions. Lots of recognizable company there -- National Discount Brokers, ZDNet, About.com, Xoom.com, all these crazy web things. It would be interesting to make a list of a bunch of the most recognizable additions to track them.

Anything can happen, of course, but I think that several factors converge to say that MESG has now "arrived" and won't look back... (1) major acquisitions (continuing) to ensure that they are a big player with a full range of services (2) the technical picture with the stock (big shakeout over) (3) the index (4) no analyst or mainstream coverage, little attention paid on Silicon Investor should give way to a growing awareness of the industry and the company (5) institutions will be forced to take a position in an industry leader like this, and the float is small.

I think the new "base" for this stock is at $20 (that means I think we'll get there fast next week and not look back).
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