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: TokyoMex who wrote (1738)	8/31/1998 6:38:00 PM
From: Andeveron	Read Replies (2) of 19700

>> this stock will come back ,, with volatitlity tied to GCTY and LCOS .. << The problem is, if CMGI's fortunes are partially tied to LCOS and GCTY, it will tank along with them. My play last week was TLAB/CIEN, as TLAB tanked today, so did CIEN. No one, save momentum traders are jumping in on the Net stocks right now. Everyone was selling, and when the margin calls start ringing tomorrow and Wednesday, there will be more downward movement in all of the nets. If I took a position in CMGI right now, I'd only do it through calls that were in the money. That way, principal capital is preserved and any upward movement is realized in the options. >> And when Paul Allen's some private deals gets announced including Engage news near the earnings ,, << There is a time when good news is ignored and the focus is on the overall market. This is such a time.

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