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


To: HA Sullivan who wrote (965)5/19/1999 10:19:00 AM
From: stock_bull69  Read Replies (2) | Respond to of 3418
 
MM's salivate at STOP LOSS orders and I know from personal experience that they can see the orders and manipulate the stock of some heavily traded companies to scoop up some cheap shares. It happened to me with WCOM & COST and I vowed never to place these type of orders again especially with INET stocks like MSGI which can rise and fall 10-20% or more in one day. In most cases you will see the stock recover quickly and rise to the next level within the same trading day! Hold on tight as MSGI will be back to the 40's in no time! Just remember the fundamentals have not changed so long term holders stay calm and you will be rewarded.

Steve



To: HA Sullivan who wrote (965)5/19/1999 5:19:00 PM
From: JPhilipS  Read Replies (2) | Respond to of 3418
 
I haven't had a chance to study the day's complete action, but I assume some people bought MSGI, hoping for some less than realistic earnings numbers. If they bought last week, they've got a nice profit. Not seeing the numbers they wanted, they cashed out.

Today marks the end of the quiet period. Hopefully the next week will bring us news of what the company has been doing. As I understand it, they've not even been able to comment on NASDAQ process during this time.

I hate losing the better part of 10% on the day, but I am not worried. The temptation for me is to average up and buy more.