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Technology Stocks : CMGI What is the latest news on this stock?
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To: RickM who wrote (13946)11/5/1999 4:08:00 PM
From: Mark Peterson CPA  Read Replies (1) of 19700
 
A couple of things happened today that suggest a break out is just around the corner.

1. In the last 3 minutes of trading, 50,000 shares were offered through INCA. The market stepped right up and took the stock. Patient buyers, waiting for the market to come to them in an end of day sell-off.

2. 400 of the Jan 45 calls traded within twenty minutes of each other. Each were buys in 200 lots just above 60. Total contract value purchased? Approximately $2.4M.

Mark
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