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Technology Stocks : CMGI What is the latest news on this stock?
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To: cyberman who wrote (6939)4/12/1999 4:50:00 PM
From: Scarecrow  Read Replies (1) of 19700
 
RE: 4-for-1

I mean, think about it:

On Mar. 17 – The day they announced the split, we were at about 170.
If we split today (and we've got another month to go…), they'd only have dropped their nominal price by $20/share. If CMGI thought the price threshold was too high at $170, I don't think they'd be happy doing all of this legal and accounting paperwork just to drop it down $20! And besides, they way this stock is running, there's the very real possibility that (with a 2-for-1) the post-split price will be actually HIGHER than on the day they announced the intention to split! C'mon, DW! 4-for-1!

For those of you who've been in this runup, take a look at the gains since Monday, April 5…

Apr 12
302
+37 5/8
+14.23%

Apr 09
264 3/8
+17 7/8
+7.25%

Apr 08
246 1/2
+15 1/8
+6.54%

Apr 07
231 3/8
+1 3/4
+0.76% (boy that day sucked, huh? <g>)

Apr 06
229 5/8
+13 5/8
+6.31%

Apr 05
216
+28 11/16
+15.32%

It just doesn't get any better than that…
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