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Technology Stocks : CMGI What is the latest news on this stock?
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To: Patsy Collins who wrote (3771)1/14/1999 8:20:00 AM
From: KW Wingman  Read Replies (2) of 19700
 
Yeh I know all to well that hind sight is 20-20. I should have sold at the open 156 and bought back in at 88 the other day. I would have had 136000 in cash and still had my 2000 shares. If I would have went short at this time I would have even made more. I would have also had a huge gain from 88 to 130 where the stock closed. I saw the sell off happening and it became a panic sell off before I could pull the trigger and I figured it was too late to sell ( I don't want to sell in a panic). The market manipulators made a ton of money on this deal when they opened the split shares up $18 or so then apparently shorted the hell out of the stock to drive it down. When the panic subsided and they saw buyers coming in outnumbering panic sellers, they covered and drove the stock up to near where it closed the day before.

Anyway the market manipulators have shaken the tree pretty good Many of the weak non believers and momo holders have sold. There are new holders at a higher level.

Regards,

Wingman
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