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Technology Stocks : CMGI What is the latest news on this stock?
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To: USRX888 who wrote (7185)4/15/1999 8:08:00 PM
From: Brian Malloy  Read Replies (5) of 19700
 
Thanks for asking 888,

No, I didn't buy at $220. I thought it was to early to reenter. I'm still looking for the $170 dip.

You see, right now the markets, in particular the NAZ and S&P are at an inflection point. Multiple gravity wells are attracting the course of the market. This leads to the extra volatility and divergence we have seen. Quite frankly, I still don't like the way the market looks. In my estimation we have not seen the real sector/market correction yet.

You seem to have a problem with the timeframe for the $170. As I went back and read my old posts I noted that I did not give a specific date or timeframe for CMGI to hit $170; so, I can understand your confusion.

I'll try to tighten up my time frame for you.
Basically I see CMGI hitting $170 between
19-23 April with 60% probability
19-29 April with 90% probability
Only a 10% chance that we do not hit $170 at any point between 19-29 April. The next thing to consider is if we hit $170 where do we go? I'm still crunching through that scenario and will post something at the $170 level +/- 20 points.

I would appreciate your comments on when you see CMGI $400.

Regards,

P.S. I don't use a crystal ball. I use a blend of technical analysis and factor in the impact of crowd psychology.
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