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Strategies & Market Trends : Fatty's Donut Shop
KKD 21.000.0%Aug 4 5:00 PM EST

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To: Gene Reardon who wrote (1355)5/20/1999 10:40:00 PM
From: Selfmade$  Read Replies (2) of 5041
 
Some thoughts about latest development with MXNT, Basically we had some "person" on the RB board that made up a rumor that MXNT will be bought out by CMGI (that would've been interesting).

We had a lot of buyers on the rumor but today and yesterday we saw a lot of selling when people started to realize that the rumor was false, so basically the ones that got in just for the rumor, already got out, the longs are still in.

A false rumor always hurt its stock, temporarily.

I tried to stop that rumor on the RB thread, unfortunately a lot of people wanted to believe in it.

Like I said before we have a very strong support at the 3.75-4.00 level, not even a false rumor can shake it.

We should be hearing some good news very soon, I've sent a message to HV, it took him 3 weeks to reply, usually he replies within 24 hours.

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