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Technology Stocks : cmgi-TRADE IT

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To: neelu who wrote ()	5/26/1999 4:26:00 AM
From: Grumman Tiger	Read Replies (1) of 13

Neelu, I think that CMGI will make a double bottom formation tomorrow at 185. The stock has made double bottom formations during the last several reversals. 185 might be a good day trade (going long) as I expect the stock to ride up after it hits the bottom. I wouldn't short the stock now as I think it is to close to the bottom and you could get burned. I will be loading up on calls if/when it hits 185. I just joined up today, buying the lifetime membership. I hope I like the site! I also have a position in GNET that I unfortunately rode down, (I am not day trading that position). I purchased those shares as a long term investement. Happy trading Grumman Tiger

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