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

To: UGA who wrote (253)6/25/1998 8:25:00 PM
From: Ron Kline  Read Replies (1) | Respond to of 1434
 
Look at AMZN and what it did after it started up 12 points and broke out the its highs. I remember thinking it would be a one day event and it would come crashing back down. Nope turned out I should have bought it at the high that day. I really don't see MSPG any different and there is no reason that it's going to go way down after today. If anything today was a technical breakout having penetrated the high reached before the correction, which means that there is more room to the upside. If there is a selloff tomorrow morning I think buyers will come in by the end of the day. Will be watching.
Ron



To: UGA who wrote (253)6/25/1998 10:29:00 PM
From: Oeconomicus  Respond to of 1434
 
UGA, I don't think I said anything like that. ADSL is an issue, but overall, I think MSPG can compete very well. That, BTW, has nothing to do with my opinion of the stock price. Good company, but seriously overvalued. And it's not that tough to value either, but that doesn't matter to people who drive a stock up 18% in one day just because it's going to split its stock. Lunacy.

Bob


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