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: james h. snyder who wrote (3139)	12/21/1998 3:48:00 PM
From: Douglas V. Fant	Read Replies (1) of 19700

james, The close depends. If short sellers come into cover, then the price will rise at the end of the day. That is a common pattern for Internet stocks with large short positions. CMGI before today had a short position of around 30%. I feel sorry for them today! I myself just dobled my position at 121 1/2. I have been watching volumes and trades- I think that more than one Mutual Fund is now buying CMGI shares judging from the consistency size of trades I am watching in the 2,000-10,000 share size trades... Someone is accumulating. Also we blasted past the $91/share resistance into the "blue sky". It will take a while to settle down and find a new higher trading range.... Sincerely, Doug F.

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