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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: S.C. Barnard who wrote (9522)6/10/1999 2:10:00 PM
From: jackhach  Respond to of 19700
 
Since the last earnings date on 03/11/99 -- the only time we have seen any real support is at these price points:

June 2 @ $84.375
May 27 @ $95.188
May 26 @ $86.500
May 25 @ $95.500
Apr 20 @ $92.500
Mar 15 @ $86.750

The average being $90.135 with more emphasis of volume in the $86.50 through $92.50 range. Not that inspiring given the current price point and absentee volume.

-JH




To: S.C. Barnard who wrote (9522)6/10/1999 2:11:00 PM
From: JScurci  Read Replies (4) | Respond to of 19700
 
I'd expect a solid sell-off after today's earnings (or lack thereof).
The current higher rate environment is decidedly unfriendly to all
these ultra-high valuation story stocks, and I suspect that many
trapped bulls have vainly held off from selling in hopes that earnings
season would bail them out of their foolish, fadish investment choices. This will trigger postponed selling regardless of tonight's
meaningless earnings report.
regards,
John


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