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: jackhach who wrote (8918)	5/28/1999 9:51:00 AM
From: jackhach	Read Replies (2) of 19700

Not that anyone should listen, but: We have double-confirmed a bottom of $92.50, almost triple-confirmed if you consider the 3/18/99 low of $91.53. We might break down below that point today, but not for very long -- simply because we have no volume to sustain such a break. If so -- I'd be all over those price points. My prediction for today is that the stock will trade between $91.50 and $102.50. I'll be buy under $95.00. The stock is probably going to simply linger around in the middle of this range ($94 to $98) for the bulk of the day. We would need about 18 to 20 million shares to SUSTAIN a break below $92.50 and the same to SUSTAIN a break above $102.50. A Friday before the long weekend is not going to allow this to happen. It was the absence of volume in yesterday afternoon's session that destroyed any possibility of fulfilling a chance of breaking to the upside of over $209.00. The $205.00 became the wall with such unanticipated low volume pre-split. IF the volume surprisingly appears -- the $102.50 might be challenged. -JH

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