While the market went generally up after FED decision @14:15
ENGA and NAVI did not (nor SILK much, or VNTR).
CMGI did not go up in reaction to FED. But there is a strong silver lining! It went up in reaction to important news on ALTA, posts 17368, 17369.
ENGA is about 50%, NAVI about 25% of CMGI current stock holdings value. They are vastly dominant compared to other holdings.
Take some specific recent ranges for ENGA, NAVI, CMGI.
1. last 3 days range: ENGA > -30, NAVI > -70, CMGI > -10.
2. last 8 days range: ENGA > -55, NAVI > -120, CMGI > -33.
3. 3 days: ENGA > -25%; NAVI > -33%, CMGI > -8.5%
4. 8 days: ENGA > -42%; NAVI > -50%, CMGI > -26%
En ensemble, and approximately, this means that a variation in ENGA or NAVI by one percent had affected CMGI by 0.2% (3 days) to 0.4% (8 days). (Allow me to obscure the effect of other CMGI stock holdings for the purposes here).
At the end of today, after ALTA news, CMGI moved (ENGA, NAVI did not) +8-10%. At the recent influence rate this would imply a hidden asset of about 11 Billion, or more, i.e. ALTA is starting to be discounted into CMGI's price. And not too soon, since the volumes of ENGA & NAVI are meager.
Let me refer to post 17282. Click on below:
Message 13218950 |
