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Technology Stocks : CMGI What is the latest news on this stock?
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To: StockDoc who wrote (14079)11/16/1999 4:42:00 PM
From: Richard Tauber   of 19700
 
It could be that CMGI has little to do with what has been happening with the stock price the past couple of months. It could be that there is a rotation among the mutual funds whereby some are getting out of very large positions and tremendous gains, and other mutual funds getting in - positioning themselves for year 2000.

To me, given that the stock price has been pretty level, means that we are forming a new base (plateau) and with new IPO's and other new announcements in the wings, we will trade up when the market is ready.
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