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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (27208)	6/30/1999 4:19:00 AM
From: IQBAL LATIF	Read Replies (2) of 50167

Buy Alert! CMGI INC (CMGI) Nasdaq ....fwiw a little late? Report No. 820 Analysis by: Harry Aloof JUNE 30, 1999 CMGI INC (CMGI-Nasdaq): Technical Viewpoint: From a low of $84 3/8 on Jun 2, 1999 prices rallied, reaching a high of $113.69 on Jun 8, 1999. A decline saw prices pull back, reaching a low of $71.50 on Jun 15, 1999. Another rally saw prices penetrate resistance line "A", closing 6/29/99 at $110.31. Technicals: Momentum Index (MTM): A Buy Alert! was given on Jun 16, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $90.00. Resistance: Is at $129.00. Point & Figure: Reversed to the upside on Jun 29, 1999. A P&F downside reversal takes place at $100.00. Summary: Technical indicators have turned bullish. BUY! CMGI INC (CMGI-Nasdaq) @ $113 3/8 Stop: Use a protective stop of $109 7/8. CMGI INC is currently trading @ $110.31 plus $12 5/8 on Jun 29, 1999. Price Objective: $168.00. Risk/Reward: $3 1/2 VS. $54 5/8. Today's Risk Reward Ratio: 15:1 Price Objective: $168.00 Risk/Reward: $3 1/2 VS. $54 5/8 Risk/Reward Ratio: 15:1

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