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Technology Stocks : CMGI What is the latest news on this stock?
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To: bobby beara who wrote (9934)6/12/1999 11:26:00 AM
From: Les H   of 19700
 
The market still hasn't had the capitulation phase at the end of the correction yet. The last three corrections have had 3-6 percent one day declines coming at the end of the correction. The high valuation and speculative stocks are not the place to be at that time. They will see 10-20 percent declines in one day. This doesn't include the follow-up day when the market declines in the morning and significant numbers of value buyers come in and the market reverses the decline. Many of those stocks will decline similarly on the reversal day also before bouncing back.
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