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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 (12377)8/5/1999 11:12:00 AM
From: Mark Z  Read Replies (2) | Respond to of 19700
 
I know I'm the wrong Mark but your msg is the last one on the thread right now so I'm resonding to it <g>. Support appears to have been found, for now at least, at the highs of Jan-Feb. Remember how CMGI kept moving between the low 90s and mid 130s? Well that mid 130s is now a split adjusted 65 which is pretty close to today's support. For the 1st time in a while it appears CMGI may be reversing into an uptrend on very short term charts.



To: Jenne who wrote (12377)8/5/1999 11:17:00 AM
From: gizelle otero  Read Replies (1) | Respond to of 19700
 
I just raised my short term rating to "hold" on CMGI.

I also advised closing any "covered calls" at 10:30 EST.

The next move (if we continue up the rest of the day, closing above $75), would be to watch the technicals overnight and see if there is any sign of a turn. But remember, I am cautious. So I may not do that until we have turned significantly higher. If you are one to go out on a limb, start lining up your cash to buy CMGI outright.

We could be very close to a turning point. We saw some capitulation this AM and volume is outstanding so far today.