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Technology Stocks : CMGI What is the latest news on this stock?
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To: g forrest who wrote (7040)4/14/1999 7:44:00 PM
From: DlphcOracl  Read Replies (1) of 19700
 
<<What's going on? Is this just profit taking?>>

Please see my post # 6976. In short, nothing to worry about, even if CMGI goes down to 210 to 220 level. CMGI is hypervolatile, more volatile than almost all 'net stocks. After it completes its "cor-
rection" it may trade sideways until its split. Then, when it is at 105-110 level after split, everyone will "rediscover" what an internet "bargain" it is and pile back into it, driving it up to 140-160 range.

Remember, this has nothing to do with fundamentals!! It's just normal CMGI behavior.
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