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Technology Stocks : CMGI What is the latest news on this stock?
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To: ajunkh who wrote (3262)12/29/1998 12:41:00 PM
From: Brian Malloy  Read Replies (2) of 19700
 
It is a distinct possibility. When people are up as big as they are with the techs over the last three months many want to "lock in profits." They don't want to sell in '98 as the tax bill is due in April. By waiting till '99 they get till Apr '00. As others have pointed out, the upcomming stock split in CMGI may attenuate some volatility in Jan '99. Overall, I would not be surprised to see the techs falling starting Jan 4 but it will last for less than two weeks then look for strong moves to the upside.

CMGI does have a gap at about the $103 level and some Technical types would say that that gap will be filled.

IMHO
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