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: Chartgod who wrote (551)	6/1/2001 6:21:54 PM
From: Gutterball	Read Replies (1) of 553

Something Smells! May 30, 2001 MESG trades 2.35-million shares, ostensibly on a contract renewal with Intuit. Stock runs to 64-cents. Consider - MESG's average daily volume = 163,000 shares, highest daily volume YTD = 910,700 shares (12-Jan). May 30 volume was twice the highest daily volume ostensibly on a low level contract renewal -- I think NOT! Something smells. Jun 1, 2001, MESG trades 2.19-million shares on news the company is being bought for $41-million by DoubleClick (about $0.60 per shr). Stock runs to 59-cents. I SUBMIT: Someone was trading May 30 on information of the buyout announced two days later. I am not saying Messagemedia released the news on Intuit to mask insider buying, but I am suggesting someone was buying on the merger news before it was public. Check the 10-day chart for MESG on Big Charts while it lasts. A blind man can see the stench!

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