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: Mike Torrence who wrote (11616)	7/10/1999 11:33:00 AM
From: Jenne	Read Replies (1) \| Respond to of 19700

thestandard.net

To: Mike Torrence who wrote (11616)	7/10/1999 3:24:00 PM
From: Capt	Read Replies (2) \| Respond to of 19700

Over the period of possibly a month, I expect CMGI to consolidate within in the 111-128 range. Any substantial price movement (confirmed w/ high volume), above the 127 level could mean that we're off to the races. The downtrend marked by the top on 4/12/99 was terminated on 6/29/99. Subsequently, we're trading above all major moving averages. This to me is a definite reverse head-and-shoulders pattern. With the tip of the head being at the intraday low of 71.5, the left and right shoulders forming at the 90-110 level and finally the neckline being at approximately 120. Putting this all together there is potentially room for a 40-50 point move to the upside. Leaving us as high as 180.