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Technology Stocks : CMGI What is the latest news on this stock?
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To: Douglas V. Fant who wrote (3021)12/18/1998 12:27:00 AM
From: Jon   of 19700
 
When you think about buying also think about those that are already in. If you were holding this stock overnight and the next morning the stock popped at the open, up 20 points you would probably sell, right? Well, that's just what others are thinking too.
If you want to buy, look to get in at around 9:45-10:00. By that time the stock has lost some of its euphoria and those traders who held overnight have closed their position and new ones are now being accumulated.
If you look at after/before hours trades they are mostly for 100 shares. This is obviously not an institutional order. These are small investors who think they know something that others don't. Well, that's just being an arrogant amature and 9 times out of 10 they will get burned. (but ever notice how they only seem to remember the one time they actually made money!?)
Play the averages. This is usually the time that CMGI bottoms on UP days. It also has a tendancy to lose ground at the close. Follow what has worked until it stops working.....that's my motto.
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