CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: Diabolique who wrote (1438)	8/11/1998 11:17:00 PM
From: Peter Mui	Read Replies (1) of 19700

>> Those predictions for CMGI at 100-120 wasn't even close. The >> question now is what will happen to CMGI in the near future? If predictions came true every time, SI readers would be millionaires by now. CMGI will likely trend down along with the market but there is a lot of strength in stocks like LCOS and XCIT. Every time they dipped today, buyers came in. CMGI was for the most part stable but did not have the pop that GCTY should have provided. Looks like there will be many buying opportunities to pick up CMGI in the 70-75 range over the next week or two. >> And others might take a profit in preparation for the Yuan >> devaluation. Yuan devaluation will kill this market. Prices will collapse but there's a lot of money out there that may come rushing back in if prices fall to bargain levels. "Experts" think that China won't devalue but they may have no choice if the Japanese poke along at their usual waffling pace with the much needed reforms. Their banking system is a god awful mess and they either don't want to admit their sad state of affairs or they're too embarrassed to face it.

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