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Technology Stocks : CMGI What is the latest news on this stock?
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To: Hands Off who wrote (13930)11/4/1999 5:01:00 PM
From: Cathedra   of 19700
 
CMGI is, IMHO, in a coiling formation that cannot be rushed. (Kind of like good wine, <g>.) If the formation holds, we can expect its trading range to become narrower and narrower in the coming days. Then, it will make a decisive break from 107-108. My bet is that it is upwards. Then, 110 and 115 will be history in no time, and the challenge will be whether CMGI has enough steam to blow out 125. Should the coiling resolves in the other direction, 95 is very solid support. Depending on your investment objectives, these are the price targets to look out for. In any case, you have to give it a little more time.
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