cmgi-TRADE IT Message Board

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.

Technology Stocks : cmgi-TRADE IT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Grumman Tiger who wrote (6)	5/27/1999 10:53:00 PM
From: Grumman Tiger	of 13

I studied the last several CMGI breakouts after double bottom formations and noted that in each case the stock took 8-12 days before breaking out of the former trading range and move towards new highs. Once the breakout began the run lasted 6-8 days with the stock reaching new highs. This means that CMGI might pause until the second week of June. This would also coincide with the past seasonal tendencies of strength in the market at the same time, (summer rally). I have purchased a large amount of June call options with a 220 strike price. If the stock moves by the second week of June these will pay out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next