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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP.

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To: Chris Nevil who wrote (981)4/27/1999 6:21:00 PM
From: Ron Kline  Read Replies (1) of 1434
 
I have seen Mindspring go both up and down after earnings, and it usually has nothing to do with how good the earnings are. Last year in September Mindspring had been rising coming off its low and was about 15 points from it's former highs reached in July. After the earnings the stock started to become very firm and determined to breakout which it did. The last earnings were a different story because we had already made a big run from $50 to $125 so the earnings were kind of taken as a chance to sell (blamed on no stock split). To me this earnings release is more like a last year situation where we are flirting with those old highs and we are not extended above that since the last mini correction. Who knows short term what will happen with Mindspring but I would never consider this a good time to sell. The numbers speak for themselves. The are doing everything as planned, and beat the street by more than it's biggest competitor (AOL) by 1c. I can't see who would not be happy with the numbers.
Ron
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