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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jerry Olson who wrote (93434)4/14/2000 4:44:00 PM
From: hjz  Read Replies (3) of 120523
 
If you want to see an example of the NASDAQ in the past 6 months, look at CMGI. It went from the 50's (split adjusted) all the way to 165 and now is sitting right back in the 50's. I don't know if I have ever seen anything like that in any stock before.

I remember when this was one of my favorite stocks and unfortunately traders literally traded it to death and now look anyone who bought in between that 6 month period is now losing money.

I am sure CMGI will come back but will it ever reach that level again, it is going to take time for that question to be answered.

HJ
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