CMGI What is the latest news on this stock? Message Board

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

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To: mrc who wrote (9082)	6/2/1999 7:49:00 AM
From: gizelle otero	of 19700

CMGI Technical Analysis From Analyst X Newsletter (6/2/99) CMGI continues to fall and the end is not in sight. Or is it? The stock has been oversold for quite some time, but signs are pointing to an upturn in the very near future. For one, the MACD chart is at quite low levels. Usually, this type of extreme pessimism is followed by a return to normalcy within 1-3 weeks. We expect CMGI stock to bounce from these levels ($95-100) to the $110-120 range. The stock will probably then enter a trading range while the broader market sorts out Fed policy and enters the Summer doldrums. Bottom line - if you are already in CMGI, there are only two prudent moves at this time....buy more or hold on. Those looking for a good starting point to begin an investment in CMGI, buy now. We believe we are within 10% of a bottom on CMGI and most of the other internet companies.

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