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: Vol who wrote (9986)	6/13/1999 1:37:00 PM
From: bobby beara	Read Replies (1) of 19700

Ya, Billy has done quite well for himself, but keep in mind that most of his assets are tied up in soft, a high beta investment which will correct more than the greater market whenever the eventual revaluation to the mean comes. As far as Dell, take a look at the chart and you can draw parallel channel lines from the 97 top (leave out the spike low in October 98) iqc.com It blew out of that perfect channel early this year, which is a technical exhaustion or buying climax and now has gone thru the channel to the downside and in the process retesting and making each of the trendlines into resistance. The fundamentals back up this theory (declining ASP's, companies giving away computers to sign up customers for access etc.) Dell is still selling with this big correction above the market multiple and has broken it's trend of blowing out earnings. Most of the big money that entered the market in April was targeted at growth funds, didn't do Dell much good. good trading, bb

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