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Technology Stocks : CMGI What is the latest news on this stock?
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To: SJS who wrote (617)6/24/1998 7:48:00 PM
From: Ron Kline  Read Replies (1) of 19700
 
I would be careful trying to pick a top in this stock. Remember Amazon broke out to a new high and has doubled and I think it went down all but one day in the process. I would buy on a pullback but would never short this issue no matter how high you think it is. I've seen too many people get very burned in the last couple of years on shorting internet stocks and the fact that they are all breaking out in this new leg of the market means that it is not going to end in the near term future IMO.
Ron
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