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

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To: Jenna who wrote (12369)7/31/1998 12:49:00 AM
From: Judy  Read Replies (2) of 120523
 
CMGI and RMBS and AOL

There should be more upside for CMGI tomorrow and continuing next week. CMGI became the largest shareholder of Hollywood Entertainment, also Engage Technology announces deal with Sumitomo. Keep in mind that CMGI is a venture capital firm, to optimize the raising of capital they will keep a high profile until the Geocities IPO. Next resistance and pivot point at 72-74. The huge spread on CMGI is typical when the stock is about to make major moves ... in either direction.

RMBS ... watch for continuation of momentum tomorrow.

AOL ... will exit before earnings and would like to see 123-124, a 1/2 retrace of its recent fall.

VRIO ... they bought my local ISP in January and things have improved.
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