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: Mark Peterson CPA who wrote ()	5/24/1999 9:22:00 PM
From: Jerry Olson	Read Replies (2) of 19700

Hello Mark and all... just dropped in to say hi...i'm long this stock at 240...i'm going into the split uncovered, and then will cover after... here's my Point & Figure read of the chart... today CMGI broke a spread triple bottom( a no-no)...it's on what we call a potential "Low Pole"..if it reverses from here to 235, that would complete the low pole... however..since the market has not finished correcting yet based on P&F indicators i look at, neither has CMGI... it has hard support at 180-185 it's Bullish Support Line...i don;t think it will violate that trendline..it could but i'm betting it wont... so if your looking BUY this stock, i'd wait...let the chart develope some more...and let the markets come to us..don't chase after it like i did..and i know better<g>... my game plan is to wait till after the split, to see how it reacts 1-5 days after..if it runs somewhat i'll write a deep ITM call for June, betting the stock will be below my strike...if i'm wrong, so what, i'll get paid what ever i sell the call at...and rebuy again..and maybe do it again.. anyway that;s my read using P&F...good luck to everyone... oh yeah, forget rates for now..when/if it happens we'll do something about it...not till then..AG is smart, not dumb...he got the effect he wanted didn't he??? stay fast & loose...later....

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