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Technology Stocks : CMGI What is the latest news on this stock?
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To: Scarecrow who wrote (4070)1/15/1999 3:01:00 PM
From: Jon  Read Replies (2) of 19700
 
Thank god you're here Scarecrow. The number of level headed people in here can be counted on one hand!! Everyone seems to worry about every move in a stock that makes most people dizzy or throw up from the wild swings.
Everyone needs to take a step back for a second and take a look at the overall picture - Where we've come from and where we are. I think we're in great position!! Someone in here said I was "preaching" b/c I said that the complaining in here was getting to be too much but I'm simply trying to keep the "mania talk" (both bullish and bearish) down a notch.
I said in a recent post earlier in the week that I expected CMGI to be in the 90's by Fri. and that's where we are. This isn't a panic and I'm not bearish in the least. It's just some smart investors cashing in on a windfall!! I'll be looking to get back in when we have a few days of calm on the water-front. I expect, by late next week, for the selling to be over and up in the 'teens. I could easily be wrong and that's why I won't pull the trigger too hastily.

PS to Wingman - I not a trader who simply has a level II. Go back and read my post. I said that I'm not a MM .............. IN CMGI.

Good Luck All,
Jon
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