SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Millionairess who wrote (9886)6/11/1999 3:03:00 PM
From: Scarecrow  Read Replies (2) of 19700
 
A $10-11 loss today just ain't fun no matter how you slice (quiet, you shorts!<g>).

BUT, look at the volume numbers carefully. We're just crossing the AVERAGE volume number with about an hour left in the day. That STRONGLY suggests to me that the 50% or so institutional holders are NOT selling. Instead, we've had a slightly higher than average day based on panicking retail investors (hello, Hector!), some short speculators, and some daytraders capitalizing on/contributing to the volume.

We generally haven't had much market resistance in CMGI lately, so in the face of today's NazSlide, and some itchy fingers, we really aren't in bad shape at all.

Crap, we can make this up in an hour on Monday...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News