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Technology Stocks : CMGI What is the latest news on this stock?
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To: James Thompson who wrote (11850)7/18/1999 10:17:00 PM
From: JT  Read Replies (1) of 19700
 
James,

I believe CMGI is just in a consolidated pattern opposite of what we saw in May (head and shoulder), as you look at the chart, CMGI consolidated for 3 weeks before it finally broke down. We are now also in a head and shoulder reverse pattern with consolidation for 2 weeks now. We may finally go back up to new highs in the next 2 to 3 weeks. Maybe this is just my wishful thinking. When it finally breaks out, it will be hard to catch. After I have been through with QCOM since 96, CMGI is piece of cake now. Patience is our virtue.
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