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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP.

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To: Vincenzo Sallustio who wrote (835)1/28/1999 12:55:00 PM
From: Ron Kline  Read Replies (1) of 1434
 
The stock down today is really more confusion than anything. First call and Zacks gave different estimates, one being 4c the other was 7c. So many reported it as just meeting the street which of course causes the sell off. But analysts are now writing up on the quarter very positively and said they blew away the subscriber growth and I saw a target price of around $200 by the end of the year. This is a classic case of getting the small guy out of a winner stock. As far as a split it will come soon. It's never a bad move for management to be conservative when it comes to stock splits, and I'm sure they want the stock to stick above $100 for a while before making the announcement. The ones selling today are the traders who are trying to trade the split news and they ended up guessing wrong, and got burned this morning. That's probably not most of us on this board.
Ron
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