Gary, it was interesting to look at your TA analysis of CMGI, which utilizes very similar indicators,
I use for mine..More then that it is right on the button with precise assesment...At the same time both of us know ,that stock may be overbought and stay overbought resolving to either sideways correction or even continued advance, if resistance at 155 3/8 taken out on heavy volume......CMGI always was and will remain very volatile stock,but IMHO,the chance of 50 points drop or reaching lover level of Bollinger bands is slim to none,we will be lucky if it will retrace 35% of it,s last move.....By no means ,I advocate to jump into the stock on Monday,if it struggle with resistance, but I will not hesitate to add to my position ,if resistance is taken out on convincing volume....In regard with the size of the companies CMGI own .....those, that are about to go IPO are Silknet 34%, Critical Path 7% and Chemdex 16%, percentages of ownership, are extremely well run and valuable co,s with 'niche' in the the area of operations...There is no question in my mind ,that they will have very warm welcome from Wall Street and add significant premium to D.Wetherell enterprise. Also, Magnitude Network, consisting of two dozen co,s CMGI supports or owns represent significant hidden value to the Company,s return on a total of $39 million, in what is essentually venture capital investments of $1,9 bil already....All in all proceed with caution....... But, we are dealing with major winner, that just about recognized and most probably will deliver blowout earnings and another split shortly, with tremendous potential in longer term....With respect, Magnifique |
