Ask DrBob Message Board - Msg: 14239105

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.

Strategies & Market Trends : Ask DrBob

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JoanP who wrote (142)	8/18/2000 5:47:01 PM
From: Drbob512	of 100058

chicken_little: CMGI is basing, with 33 on low end, and 41 on high end of horizontal trend channel in the near term. One might be able to nibble on any weakness, but I might keep some powder dry, as there is still a chance of retesting the lows if Naz cannot break through 4000 in next few days and then comes down below 3865 support (EMA is at 3866 now, also). Another strategy is to wait for a breakout on heavy volume above 41. For the longer term, like til end of year or early next year, CMGI will likely be much higher than it is now... Above is not a recommendation to buy or sell CMGI. Always do your own research before investing or trading.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next