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Strategies & Market Trends : Ask DrBob
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To: cuda-71 who wrote (1319)8/23/2000 5:58:38 PM
From: flyeguy99  Read Replies (1) of 100058
 
'bout CMGI today,

I had no idea why it was going up, but once it started movin' I was knee deep in it, going long at 39 15/16ths and adding a little here and a little there on the way up, I did see lots of institutions (10,000shs) or more coming in on the bid throughout the day, now whether they were short covering or accumulating is another question. BTW, I sold everything by the close. I just find it hard to believe that its going to take out the 50dma like it wasn't there and not at least go back and touch it tomorrow.

Fly
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