MessageMedia Inc. (MESG) Message Board

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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 (183)	6/29/1999 4:57:00 PM
From: Gutterball	of 553

Run up at the end of the day looked more like short covering than anything else. Sold my margin position at 17 on the close -- a lower open tomorrow will tell the tale. Still hold a cash position. Two negatives have become evident this week: 1)shorts are coming into MESG as it moves higher (18 and above) and 2)a large seller (probably Stein) is still lurking #reply-10320379. Both of these could be positive, eg., short covering could push MESG above 20 and once the seller is out, MESG will rally, but I have sensed another trend in the market that makes me uneasy. Today for example, there were too many buyers in the market on the close -- probably thinking they would sell into the rally after the FED meeting. I have heard several people say the market will rally after the FED and then pull back. Thus I see very little upside (eg., NASDAQ near all time high) and very little time before the crunch. And then, their is Y2K that has yet to be dealt with. I'm still rooting for MESG, but I'm cautious thinking it may have moved too far too soon #reply-10320234.

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