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: Scarecrow who wrote (2731)	12/2/1998 10:54:00 AM
From: oldcrow	Read Replies (1) of 19700

Hey Scarecrow, Those types of articles are becoming scarce...but everyone has an agenda. Regardless of the margin requirements, valuations...etc etc... the netstocks will certainly continue to rise toward XMAS until the rise is either justified or "killed" by the holiday numbers. Just imagine if someone dropped one of those "preliminary" articles on the wires. One that talked about how on-line shopper volume, or page hits, or the likes were rising toward the holidays...all hell would break loose....:) I have a feeling a couple of those are on the way... Debatably, YHOO and CMGI make the best upward momentum plays at the moment. CMGI has earnings, a possible spilt, AND an upcoming IPO, while YHOO is GOING to split. I just think management is waiting for a good strong market day to drop the announcement. CMGI in particular was severely crushed by the correction and should certainly rebound to 82-83 in short order. Level II showing it in the 80's already, with decent bid stacks that could even get us to 81-82 today.

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