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

To: bargainman who wrote (10060)6/14/1999 3:31:00 PM
From: Nelson Chang  Respond to of 19700
 
ZEEM - CMGI had a charge i believe which puts the actual earnings around $0.22 w/ the estimates at $0.16. Therefore, they didnt miss estimates by any significant amount.

In addition, given the spread of the analysts estamates which were ALL OVER the place, you have very little basis for a lawsuit on those claims. CMGI's earnings fell easily and "comfortable" within the range of estimates.



To: bargainman who wrote (10060)6/14/1999 3:38:00 PM
From: Nelson Chang  Respond to of 19700
 
I wonder how many daytraders are taking it in the kilt. I took my share of beating in May, and I thought I was playing it safe.

With my straddle options on CMGI, Im profiting, but the net stocks have absolutely got to be wiping some traders out. Especially, those w/ margined "netfolios" and those trying to catch trades but instead get whipsawed every which way.


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