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Technology Stocks : CMGI What is the latest news on this stock?
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To: 10K a day who wrote (15048)12/20/1999 4:43:00 PM
From: Scarecrow  Read Replies (1) of 19700
 
Impristine --

Can you imagine how many 'DAYTRADERS' they are going to - BLOW OUT
If they change daytrading margin requirements to 4 : 1 .

It *WILL* be UGLY...

For CMGIers, this is all very old news. The margin restrictions on CMGI and a few other i'nets largely occurred back in the spring.

One could make a plausible case that this was a significant factor in the summer doldrums we experienced.

Or, one could argue that margin removal prevented those summer doldrums from being worse.

Or, one could argue that it is an effective way to let the air out of the bubble somewhat slower than might otherwise occur.

Or one could make the case that the reason for CMGI's prolonged flat trading range for spring/summer was the elimination of many day-players from the stock. The ADV numbers kinda back up that theory... But I wouldn't swear to it.

Regardless of what effect you believe margin elimination creates, I believe it has already occurred...

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