Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nelson Chang who wrote (9894)	6/11/1999 4:15:00 PM
From: Susan G	Read Replies (1) \| Respond to of 19700

I think margin calls are part of the relentless selling the past few weeks. People are selling at the lows because they have to.

To: Nelson Chang who wrote (9894)	6/12/1999 1:11:00 PM
From: Nelson Chang	Read Replies (2) \| Respond to of 19700

Does no one want to respond to this? I know that many of you believe that CMGI is a great buy/company, perhaps it is. But we still have not bottomed, and on every price drop I have heard this that CMGI is in a great buying opportunity. Well, any of you w/ trading experience or TA savvy care to comment? >>>One point about the internet trading volume. I've noticed that many of the net stocks have been trading on light volume for the past several sessions. I can't decide if this is a dry up of sellers or just too much complacency. These net rallies seem to be weaker and weaker; it's not like we are trending higher in these stocks. In fact, only a handful have not penetrated their support levels or are close to it. So it doesn't seem the case that their is a dry up of sellers, because they seem to be coming in at lower and lower prices preventing these net stocks from undergoing any significant rally. As for complacency, that's going to be a problem if its true. A big problem. I'd like to hear others' comments on this.<<<