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

To: Millionairess who wrote (9886)	6/11/1999 3:03:00 PM
From: Scarecrow	Read Replies (2) \| Respond to of 19700

A $10-11 loss today just ain't fun no matter how you slice (quiet, you shorts!<g>). BUT, look at the volume numbers carefully. We're just crossing the AVERAGE volume number with about an hour left in the day. That STRONGLY suggests to me that the 50% or so institutional holders are NOT selling. Instead, we've had a slightly higher than average day based on panicking retail investors (hello, Hector!), some short speculators, and some daytraders capitalizing on/contributing to the volume. We generally haven't had much market resistance in CMGI lately, so in the face of today's NazSlide, and some itchy fingers, we really aren't in bad shape at all. Crap, we can make this up in an hour on Monday...