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Technology Stocks : CMGI What is the latest news on this stock?
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To: Don Jeanblanc who wrote ()11/22/1999 1:30:00 AM
From: MasonS  Read Replies (1) of 19700
 
The following is an excerpt from the NetBull newsletter dated 11/21/99:

CMGI Inc(CMGI)

NEW LONG PLAY!!
11/21/99 $124.88 TARGET=145.00 STOP=118.00 RISK=4.5(out of 5)

TECHNICAL PLAY = aggressive trader

Shareholders of CMGI had quite an exciting week. CMGI started
out the week trading near the $100 dollar mark. By the close of
business Friday CMGI had seen a high of 135.25 and traded back to
close at $124.88 up over $23 for the week. The excitement for
CMGI shareholders came mostly on the news of China signing an
agreement Monday with the U.S., which will pave the way for China
to enter the World Trade Organization. So why all the excitement
for CMGI? CMGI recently signed a deal with Pacific Century
Cyberworks Ltd., a Hong Kong Internet company, which will
allow CMGI to expand into the lucrative Chinese Internet
market. If you noticed this week's trading, just about any
stock that had anything to do with China enjoyed a positive move.
We are looking for CMGI to continue to move higher

Wednesday analysts at Goldman Sachs initiated coverage of CMGI
with a rating of "market outperform". Prudential's Paul
Merembloom rated CMGI as a Strong Buy and raised his price
forecast to $186.00 citing the U.S./China agreement as a
lucrative opportunity for CMGI, as well as other new ventures
coming to market.
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