CMGI What is the latest news on this stock? Message Board

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

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To: Mike Harvey who wrote (15207)	12/26/1999 10:54:00 PM
From: Todd Pagel	Read Replies (1) of 19700

Mike...You're a brave man for shorting CMGI, and perhaps it will pay off. HOWEVER, I would say it might be in your best interests to have an "exit strategy/target cover price" in mind and to know just how much you need for those toys. You may well see a dip in price monday morning, based on last week's action closing out the holiday, but it might just be MM's jukin' the price to get some cheaper shares for the upcoming split, and then feeding the longs again. If you see a profit in the first half hour or so, you might want to think about taking it and covering. Don't get greedy at this time of year with all these "other issues" aligned. Nobody knows how the market will play out this week, but my guess is it may not be according to traditional logic. Keep in mid too that CMGI has this habit of releasing news into momentum, and you do NOT want to be short if they say Mary Meeker initiates coverage (which MUST come sometime if MSDW underwrites ALTA), or something like that. I too hope you make some money here, because I am a big fan of volatility and those who take advantage of it. Just watch your back, buddy. Cheers! Todd

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