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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: MARK C. who wrote (8885)1/20/1999 5:00:00 PM
From: Paul A  Read Replies (2) of 90042
 
just be careful man.. I have been playing CMGI every day for the last 3 weeks and its retesting 95 once again, and if it breaks it can drop quite hard. Look at AMZN.. shorts have total control like the longs did and every huge rally over the last few days fails to push these goliath internets back into rally mode. I bought CMGI last friday at close near 95 and was faced with the same dilemma your in now, but thanks to ATHM and XCIT I got out at 118 premarket, and it opened at $108 which told me it really was looking sick in comparison to the overal market and tpical internet performance.

Just some observations.. nothing but babbling on my part but just remember to cut it tomorrow morning if it starts to slide because these things have a long way to go before bargain hunting begins.

I still think CMGI is one of the best stocks to possibly position yourself in for 99 but I dont hold stocks so what do I know? LCOS got whacked as well, so it shows how vulnerable they all are. If we sell off tomorrow ill be hanging with the MSFT, NXTL, CPQ, DELL, crowd.. These stocks are strong..

I also love TDFX and with the NVDA IPO coming end of this week, TDFX should take a small run- that combined with pre-earnings run up.. this is a key quarter for this company.
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