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

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To: Tim Luke who wrote (3018)12/18/1998 12:10:00 AM
From: Douglas V. Fant  Read Replies (3) of 19700
 
Tim, Wait for a few minute into trading before taking a position if you choose to do so. For E.g. HAST about a week ago traded one day at $16/share. It opened the next day at $36/share. Within 5 minutes of the opening it had fallen back to $19/share. If you had bought at the open, the you would have been creamed-in five minutes. So give the stock a few minutes to settle in. Now rolling options at the market is OK at the open since you are just really playing a ratio there and not a specific price.... Boy am I glad that I rolled that Dec 75 call option! Guys I rolled to a Jan 90 call option since my charts say that there's a resistance level around $90-91/share.

I could be wrong but I think that it will take a few sessions to break through this resistance level onthe upside...

Sincerely,

Doug F..
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