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


To: Mr Bones who wrote (1262)8/3/1999 7:21:00 PM
From: PeterR1700  Respond to of 1434
 
Mr. B - "I wince every time I look at my portfolio lately."

You ain't alone.
Ouch!
Peter
P.S. It is such a temptation to start buying everything in sight. More mspg, aol, yahoo etc. So far, I've resisted the temptation and will be more comfortable "buying into strength."



To: Mr Bones who wrote (1262)8/4/1999 10:04:00 AM
From: Robert Everett  Read Replies (2) | Respond to of 1434
 
Mr. Bones,

I have been doing a lot of wincing lately,too, and not just with mspg. I no longer own mspg although once I did. I owned it at 8 bucks( pre-split, split about $2 now, I guess); it went to $26. I could not stand the prosperity and sold it. Thought I had died and gone to heaven! But, once you are made a fool, it is hard to go back into a stock. This past week I gave back some of the money before the August calls hit my stops and stanched the bleeding.
Genrally, I am a value investor,too, but I also watch the technicals. On that basis I thought mspg had hit a temporary bottom, but it has broken through the bottom bands and it is look out below now! If the market corrects significantly, as I think it will, mspg could go to test its old low, around $12.50. Ouch! I would be a buyer then..big time.

Bob