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: James Thompson who wrote (9371)	6/7/1999 3:08:00 PM
From: jackhach	Read Replies (2) of 19700

Respectfully, Jim -- are you adjusting volume for splits? My math goes back quite awhile and is on 123 spreadsheet. According to my records -- if you take the average (which always allow for exceptions -- thus an average) it is an unnatural event to have credible movement without volume. Ya' might get the movement without the volume, but historically it indicates that the retail LONGS are stretched and have no available (side) funds to defend the inflated/deflated pricing. Usually, the next trading session (sometimes two) brings us back to what I term a "normal or natural" range again. Again, this is just one man's thoughts among very many. Believe me, I want to get back in for this inevitable run, but can't justify the buying at these $100+ prices. I'm feeling real stupid having sold at $97.75 right now though. In defense of your math, however, I should say that just an extra 20% volume can make all the difference in the world. Average range about doubles with just the little extra 20% kick. -JH

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