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Technology Stocks : CMGI What is the latest news on this stock?
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To: surfinSteve who wrote (585)6/14/1998 9:14:00 PM
From: DWW II  Read Replies (2) of 19700
 
Steve, I can't predict the short term swings. This stock is being played with by some very good momentum players. Therefore it swings wildly. So, to be "IN" incase of a major up-swing, like we had in April, I use what I call a reverse leap-frog strategy. To do this I trade two blocks of stock. Lets say for the sake of this discussion that the blocks are composed of 4000 shares each. When the stock drops below the value of these blocks I buy another 4000 shares. Then when it trades above the blocks I sell 4000 shares. Therefore I am never with-out at least 8000 shares. Over time I take profit, and keep working my average "per share" price down. DWW II
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