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Technology Stocks : CMGI What is the latest news on this stock?
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To: Craig Rogers who wrote (2486)10/27/1998 4:51:00 PM
From: surfinSteve  Read Replies (1) of 19700
 
CMGI Dropped 8 points from today's high to the low, or about 13%. That's a big move and more than just "tired".

YHOO and AMZN closed at or near their lows. This suggests more downside to me. I agree with TokyoMex that this is healthy because the runup lately has been large and long.

Even unstoppable EBAY took a tumble in the last 5 minutes of trading.

CMGI has gone from the high 30's to 60 in just a few weeks. It's current 200 day moving average is about 46. I wouldn't be surprised to see it back there for a great buying opportunity.
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