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


To: Jenne who wrote (10283)6/16/1999 9:25:00 PM
From: jackhach  Read Replies (1) | Respond to of 19700
 
I can't see where we would get an extremely large volume day(s) in the immediate future, but who knows... I'm sure the AG factor has many sitting to the sides -- maybe after June 29/30?

These more recent just above-average volume days have actually managed to lower our overall basis; which has built us support in the $73 through $80 range (some safety), but has probably diminished some of our more immediate potential to the upside of on/above $105.00 as hoped.

Almost all of the recent volume has come in defense of the relative lows (covers, bargain hunters, & DCA.) Very few "new" longs seem to be present. We don't want to rely on short-covers to move our stock North -- we want a base of strong longs (new & old.)

-JH