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Technology Stocks : CMGI What is the latest news on this stock?
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To: Jonathan Brown who wrote (361)4/14/1998 5:25:00 PM
From: D.J.Smyth   of 19700
 
Jonathan, the price drop from $96 to $89 was on less than 100K shares. based on total shares traded during the day of 1.5 million, those who were making a market were dropping the price, possibly, on some expectation of selling; the selling wasn't there relative to the number of shares traded on both sides above $95 most of the day. 100K represents less than 6% of the total volume for the day. obviously, some quick profit taking and normal fear regarding intel. other than that, the selling doesn't represent a large volume sell-off in the general sense. of course, those who make a market it this type of issue make up their own rules until their either caught or out
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