Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: im a survivor who wrote (3327)	6/29/2000 9:46:00 AM
From: John Madarasz	Read Replies (1) \| Respond to of 3418

KG... This stock is most definitely being manipulated from what I've noticed... but the professionals have to make a living too<ggg>. After mid August I would expect to see this stock regain some normalcy in it's trading ranges... unless other financing deals are in the works for that time. I could be wrong here, but I've watched other equities with convertible preferred deals pending suffer large increases in short positions as conversion periods draw closer. The reason for this is to enable the short share holder to cover into inevitable price appreciation towards and during the conversion of CP shares with relative safety, avoiding a "short squeeze" if you will. Often the CP shareholders, or their affiliates will do this as a hedge. I haven't been watching the call action here, but I'd be willing to bet there are short positions that have been initiated to hedge bets further out too. The internet companies, and incubators in particular, are suffering from the excesses of the past few years now, and MSGI is no exception. They are all out of favor in the investing community at large it seems. Only the strong will survive, and it's nice to know that MSGI still is diversified enough to generate solid revenues from business' other than "internet incubation"<gg> What we do have here though is is the pending floor of apx $12.50, at which price shares must be converted over to receive max ROI for CP shareholders. Unless another financing issue is initiated before mid August, I would expect this issue to realize an appreciation to, or above, those levels by that time. It's all in black and white for everyone to see. The ceo knows it, and he's no dummy. There can be no conflict of interest as this has all been spelled out in the filings. That's another reason to me that financing deals that will suppress the share price further are not in the near term future here. I don't think the ceo would be spending over $1 million bucks to watch it lay there dead... it just doesn't make sense... he must expect future appreciation, just as some others do. We are all in this game to make a better than average ROI, and he is no different. There's no interest in this company right now, so the spreads are manipulated to generate revenue for professional firms until the inevitable markup. The only way people will notice it is through increased volumes, which will probably coincide with some PR noise. It will happen. Good Trading, JM