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Technology Stocks : MessageMedia Inc. (MESG) -- Ignore unavailable to you. Want to Upgrade?


To: White Shoes who wrote (175)6/28/1999 6:35:00 PM
From: Gutterball  Read Replies (1) | Respond to of 553
 
I saw mention of that on Yahoo! However, I have not been able to confirm that. To my knowledge, Schwab only shows CMGI and Sky Mall as non-marginalbe. If Schwab put it in writing, then it probably is true but I have not seen the letter. This action may have contributed to today's sell off. Remind me to thank Schwab for looking out for us traders.

Personally, I thought last week was an orderly increase in price and not the fast market Schwab targets. However, I was surprised to see 4 days of gain wiped out in 10 min of selling. I'm cautious on MESG -- it's too low to sell and too high to buy.

I'm too old to be rushing in after a break in price. If Stein is still selling we could see lower prices.