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


To: David in Ontario who wrote (1203)5/29/1999 10:10:00 PM
From: James C. Mc Gowan  Read Replies (2) | Respond to of 3418
 
MSGI Investors: I have been very fortunate to discover this company, and with help from Austin and others have learned of the excellent potential this CMGI progeny offers. I have short term(2-3 days to 10 days) traded MSGI for very good profits over the past many weeks; lately, I have been watching for buyin points, and recently set a GTC order at 22 to pick up shares for a trade. I had to remove this order as I was going on vacation, and would not have access to the market/web for a while. Now, I am thinking that an order to buy a goodly number of shares at 23 +/- would be a good buy point, as I believe that the general market conditions, and, in particular the trading in Internets, may remain soft for another 2 weeks, before the mutual funds crank it up so they can actually show a gain at the half-year mark come June 30.
It is not that I wish MSGI price to fall, as I am a long term holder of CMGI as well, just that I see a trade opportunity coming up soon, and will be watching carefully for a retrace to the recent interday low about 22 to collect shares, some to add to long term position, some to trade.
Good luck to all in MSGI
James