CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: Jenne who wrote (8502)	5/24/1999 11:28:00 AM
From: jackhach	Read Replies (1) of 19700

The average owner's basis in CMGI is $209.22. It would be highly unlikely for the stock to break down below this price. In fact, I'm surprised it has fallen into it's own ownership range of $190.84 thru $227.60 where 60%+ ownership lies with 20% above and below this range respectively. The mean being very close to $210.00. When institutional owners start realizing paper losses -- they will usually DCA on the weakness -- assuming the story is still in tact. This has begun to happen. I think we will see a sudden pick up in volume -- should the stock break down below $210.00. In addition we should have gradually larger retail/pedestrian buying as the split date approaches -- adding more imminent support. -JH

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