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


To: Micawber who wrote (11875)7/19/1999 12:29:00 PM
From: Ken  Read Replies (1) | Respond to of 19700
 
$90 is strong support and I'll be first in line to get more at that price. I will set my limit to 92 1/2 or so just to be sure.



To: Micawber who wrote (11875)7/19/1999 12:31:00 PM
From: paulmcg0  Respond to of 19700
 
"or are we just running off the rails here?"

Take a look at the volume numbers -- the daily volume & average volume are going down for CMGI. That would tend to indicate a declining price trend since fewer people are interested in the stock.



To: Micawber who wrote (11875)7/19/1999 12:43:00 PM
From: pooh  Respond to of 19700
 
<Edit> We have some hope here with the rise of the Dow. If it cmgi passes and holds 103-1/4, it may have a chance to test the 107-1/2. Cross your fingers (though hoping may not work with stock, most of the time).<End>

It's running off the rail,

The MACD from 1-minutes and 5-minutes charts show some hope, but there is no guarantee if it drop below 101-1/2 again

The hourly chart shows depressing indicators. The buy signal is nowhere insight, thus the stock remains vulnerable.

pooh



To: Micawber who wrote (11875)7/19/1999 1:23:00 PM
From: AmericanVoter  Read Replies (1) | Respond to of 19700
 
Brian, I am no technician, however, from looking at the chart, the 88 to 99 looks like a very strong support range... actually, it looks closer to 91-93... I already put a GTC order at 93, of course I may never see it... who knows...

I think what is effecting the price decline is that institutional investors already have the shares they wanted... long term holders are nibbling on it whenever it drops few points here and there giving it some stability, and daytraders are trying to identify a direction to ride... and are somewhat on the sidelines with CMGI as it is easier to take a stab on the direction of a company that will be reporting its earnings this week or the next... just my thoughts...

best regards
amein