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Technology Stocks : MSGI Marketing Services Group Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Mark Woolfson who wrote (1803)8/24/1999 8:27:00 AM
From: im a survivor  Respond to of 3418
 
Ebay is up from $80 2 weeks ago

amzn is up from similar low depths.

Both have something like 50% gains in the last 2 or 3 weeks.

How much has MSGI gained in the last 2 weeks ? Oh, excuse me, they've gone down.

First, I am not bashing msgi. I happen to think the long term prospects are fairly decent, however this is contingent on alot. Current valuation is already excessive, but thats nothing new in this sector. They are young, and will have to prove quickly that they will be able to foresee profits and grow into the valuation. People aren't concerned about amzn...ebay and etc....because they know with that many customers and the brand name, they will eventually get a profit from those customers. We can't currently say the say thing about msgi and only time will tell.

They benefited earlier by the over -exuberant run up of the sector. Everybody looked for the next big runner, and people thought this could be it. It was raised unfairly to extreme levels. Current level is much more realistic and that is exactly why we are consolidating lower and could continue another 20 - 40%.

We also will start seeing some consolidation within the sector. This should help weed out some of the riff-raff, and MSGI should benefit by this as one of the survivors. If your buying for the long term, it is a good buy at this level and lower, as the next 5 years should be good for the company. Short term is anybodies guess.

Good luck to all



To: Mark Woolfson who wrote (1803)8/24/1999 10:37:00 AM
From: im a survivor  Read Replies (1) | Respond to of 3418
 
Naz up 14

MSGI down 1/2

This is not looking good right now.

Well, I guess I'll cheer up...a month ago, if you had told me I would be able to buy MSGI in the $6 - $15 range, I would have said you were nuts, but would gladly buy under $10. Looks like I may just get the chance......I will watch it closely if we get to $10 and will look to buy $6 - $10 depending on how TA looks at that time. Right now, most tech and net stocks I track are all looking like the trendline is going bullish.....MSGI just looks pathetic right now. Even if I look hard, I can't find anything that even looks remotely positive/bullish on this stock right now.

Well, hang in there folks..better days will either be ahead...or they won't.

KG