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


To: Ultimate Investor who wrote (358)7/24/1998 8:46:00 AM
From: Brett Fleischman  Read Replies (1) | Respond to of 1434
 
for someone so disinterested in MSPG, you sure are using up all those trial member posts talking about...upset that you didn't get in at cheaper prices? continuous one-sided views really do nothing but label yourself as a basher not someone interested in presenting facts. you are doing yourself a disservice my the relentless negative comments. don't be surprised if your posts are skipped over since we all know what your going to say.

Brett



To: Ultimate Investor who wrote (358)7/27/1998 4:34:00 PM
From: AL TOTH  Read Replies (3) | Respond to of 1434
 
ULTIMATE INVESTOR--
I have read your posts and your points about MSPG are all correct.
However the stock has to go through several phases before people
start pricing MSPG on a more realistic basis. The first was the earnings report last Thursday and todays 3 for 1 split. Retail
investors have used these events to bid the stock up in to the stratosphere. Also impacting the price rise was the relatively small
float of available stock. However with the 3 for 1 stock split
there is now a significant increase in supply available for trading.

Also what was interesting was that the stock was propped up all day on the
buy side by the market makers. Basically the only buyers today were
NITE, MASH, and TSCO. Retail investors were still holding on because of
the stock split. So the marketmakers kept moving up the bid to
take advantage of this. These guys are sharp and they know how this game is played much better than I do. IMO they were propping the stock up today to sell off their inventorys knowing that the stock is inevitably going down once the retail investors take their profits
and go on to the next fad internet stock for the week. Once
this process starts kicking in you could see MSPG go down to $35 a share
(split adjusted) real quick which is where it was last Monday morning (JULY 20)
before it went up $44 in 4 trading days.

As an example XCIT went through this process over the last three
days since splitting and it had nowhere near the runup MSPG had
before the split.
AL