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

To: Bretsky who wrote (10129)	6/15/1999 9:21:00 AM
From: Jenne	Read Replies (2) \| Respond to of 19700

CMGI 200 DMA: $71

To: Bretsky who wrote (10129)	6/15/1999 2:38:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 19700

Not an easy question these days. The market is much softer and will remain so until then next real leg up. Back in March you could see what was happening with great clarity. We were completing a 5th wave and every type of cycle and quantitative measure was saying top. Basically CMGI ran up from Sep 98 to April 99 without taking many breaks. It did consolidate in the 50's from late Dec through early Feb therefore I put the downside at $50. Others have posted $60, but it is somewhere in that ballpark. Today we are up some so the near support level would be placed at $75. Between ($50-$60) and $75? I really don't see any support levels. The stock never really stayed long enough at any position in between there to justify a support level in my opinion. Of course, someone else looking at it may give you levels. To each his own. All I can say at least for me is that I nibbled at net options and non nets today. It is just my style to lean forward, it is not for everyone. CMGI Jul 80's, EBAY Jul 140's AOL Jul 100, and RNWK Jul 60. This is risk capital. The selling may not be over, but in my mind no later than the first week in July we should begin a rally that can take the indexes up and challenge old highs. Once I see that the market is making the real move up, then I'll be more aggressive. This is not to imply in any way that net stocks will rechallenge their old highs this summer - they probably will not. There may be another buying opportunity in the August through October period. New money may then start to flow into the intets and tech in the Oct - Dec period barring Y2K does not get out of hand. A more sustained rally will probably begin then. Long term with CMGI, say 2 1/2 to 5 years for those that can really hold that long. CMGI between $50 and $107 now looks attractive. You can do the math, start at a base of $75 and figure in 30% or 50% for the next five years. Then start at $50 and do it again and so forth. See where you feel comfortable with, what can you live with, what you think can happen. If people cannot find that comfortable place for themselves then this stock can make their life hell and may not be a good choice for their portfolio. What the Beta giveth, the Beta can taketh away. Hope that was helpful, IMHO