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Technology Stocks : CMGI What is the latest news on this stock?

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To: Jenne who wrote (11866)7/19/1999 11:04:00 AM
From: MoonBrother  Read Replies (2) of 19700
 
I believe MMs are trying to shake out the weak hands in the past weeks knowing that ENGA IPO would be big. With the low volume it was easy for them to do this. CMGI dropped about $20 pts in the past couple weeks for no bad news what-so-ever in the midst of a very robust earning season. This situation could turn around sooner than we think. I see CMGI trades back to $120s within the next week or so if ENGA IPO is successful.

Good luck!

MB
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