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Technology Stocks : Metromedia International Group (MMG) Looking for Opinions
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To: Carter Patterson who wrote (155)6/10/1998 10:55:00 PM
From: Quilty  Read Replies (1) of 353
 
"No joy in Muddville" seems to be the refrain to this name, as we retrace the great (and long-awaited) Q:1 break-out. I can hardly stand to quote it. One bright spot seems to be that this decline is taking place on light volume, while the run-up was on rising volume. I note this gingerly because I'm not versed in TA and, likely, I'm trying to make a case for still holding it here. I saw Stuart Subotnik & crew (a dull bunch, but focused) give a presentation in NYC last January and felt relatively sure, judging from the packed room of notetakers, that the stock would find a lot more sponsorship, even though my good friend split after breakfast, midway through some cracker-accented guy's take on Chinese cellular users fondness for the "Caller Pays" scheme. So this recent 13-G filing from Putnam seems the latest dull opiate to keep me here.

Is anybody watching? Does anybody care? A research note, an updated report, even a comment from the company (the sort I usually despise) about not understanding the reason for the recent price weakness, a succinct recounting of the bull case...This stock is a bonafide phantom. Nobody EVER seems to mention it. Only the semi-defeated Paul Stephens gives it an occasional plug. High time for John Kluge to step up to the plate again, instead of me.

Apologies for the depressed ramble. I needed to vent.

Q.

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