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


To: HA Sullivan who wrote (962)5/19/1999 9:58:00 AM
From: ProphetAble  Respond to of 3418
 
What a buying op that was!

Sure did look like a shake-out to me. Loaded up some more at 35!

MM's was looking for shares, me reckons.

Jack



To: HA Sullivan who wrote (962)5/19/1999 10:01:00 AM
From: JavaGuy  Read Replies (1) | Respond to of 3418
 
Probably some ascummulation by the MMs. Shaking out those who were foolish enough to buy this stock based on the earnings announcement.

JG



To: HA Sullivan who wrote (962)5/19/1999 10:16:00 AM
From: Kulnor  Respond to of 3418
 
If you look at the recent chart, it makes sense technically. We have a head and shoulder formation on the two day intraday chart (from $38 to $41) that we broke yesterday at the close. That indicates a potential $3-$3 1/2 drop. That's theory of course, I think it's also post earning effect and the fact that we moved too fast between $32 and $41, stock needs to fill this area. Volume is much better than yesterday. Market could drive this one lower, news would be nice.
*P2

PS: Also, note that the 3 month chart shows a nice uptrend from early april. That line also indicates $34-$35 fair value.