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


To: Epics who wrote (1265)8/4/1999 2:27:00 PM
From: Robert Everett  Respond to of 1434
 
I never recommend shorting to people, but, then, I never recommend buying either. :-)
I just thought it looked good on a technical basis for a 5 point snap back. I use a combination of three indicators including the Bollinger Bands. Mspg was sitting on the bottom band and the odds are good that it will move back to the mean( 20 day MA). Not this time.
The internet mania has broken down and will cause a lot of people to lose a lot of money. But sometime there will be an opportunity in mspg( remember it actually *makes* money). I just think it will be in the 12-15 dollar range.

Bob