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Technology Stocks : CMGI What is the latest news on this stock?

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To: Brian Malloy who wrote (14170)11/17/1999 10:42:00 PM
From: Stephen Adnan   of 19700
 
TA - $300-$800/share

or, where CMGI is going rather than WHY?

I too have been in CMGI during this painful trough. (past posts under my id will verify) I even recommedned CMGI to many friends and have had to substantiate my rec (and their frustration) during this period of sideways movement. I even bought ICGE at IPO and sold soon thereafters seeing it as a weak imitation of CMGI - little synergy.

What has kept me in , however, has been TA:

iqc.com

I believe in TA ... strongly. I saw that the chart indicated a HUGE move up - yet I NEVER could figure out WHAT news announcement would propel CMGI to the $400/$600/$800/ share value. IMHO, I got my answer tuesday - it is not altavista, but the China WTO. As the crappy china stocks go thruy the roof, the investment community will have to decide where to deposit its funds and safely hedge its bets for the China net boom. Ans: CMGI (and others of course), but none with the track record and in place business structure of CMGI.

This only confirms my feeling re TA and CMGI. I have made mistakes before when i doubted the charts - I won't again.

LONG (why does it look so easy now)
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