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.

Non-Tech : MAT - Mattel - toysRthem -- Ignore unavailable to you. Want to Upgrade?

To: Stuart Scolnik who wrote (83)	1/31/1999 6:17:00 PM
From: go4it	Respond to of 706

Stuart, I believe the stock sell off was caused by total over reaction to the press release that they had put out the day of the sell off. I have been waiting to see when the insanity of the sell off would stop. I doubt that the institutions would be selling at this point although I can't confirm that. I think there is a good possibility that institutions are the ones that put support in at $21 1/2. Technical charts are showing that MAT put in a bottom and is now ready to begin and uptrend from here so you can consider me a share holder as of tomorrow morning until technicals show it has reached a top. I also like the fact that the technicals are turning up prior to earnings out this week. It looks like the earnings announcement may be a good one and show that the stock is over sold.