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Technology Stocks : MindSpring Enterprises (MSPG) Another ISP. -- Ignore unavailable to you. Want to Upgrade?

To: Vish Vishwanath who wrote (1079)6/14/1999 4:54:00 PM
From: parcival  Read Replies (1) | Respond to of 1434
 
It seems to me that there will not be a great deal of institutional
buying in these issues for a while. And why should they buy now, lots of econ data and July 4th approaching, the nazdaq will drift
downward these next 2 wks. Today was much more devastating than I
could believe, yet these internuts probably have some further down
movement from here. Just hang out in cash and wait for some obvious
support levels to develop. No sense buying now.

All inmho



To: Vish Vishwanath who wrote (1079)6/15/1999 9:31:00 AM
From: Techgrad  Read Replies (1) | Respond to of 1434
 
The internet is here to stay, but the outrageous valuations of internet companies are not. Investors have to become reasonable in valuing an internet company. Mindspring may be a great ISP, but how can anyone justify their market cap? At some point, simple economics will take over.


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