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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 (12620)8/18/1999 7:28:00 PM
From: bargainman  Read Replies (1) | Respond to of 19700
 
<<The stock had gone from 75 to 90 in less than a week, and when it drops off a little at today's close it's a failed rally?>> Brian ... I agree that it is a stretch to call it a "failed rally." The last hour dip was generally across the board in not only the internets but the market in general, not specific to CMGI. I thought my term, "rallyeous interruptous" was appropriate. Hopefully, we'll "get it up" for another go at it tomorrow. However, I don't see a significant runup until we have inflation fears put to rest, with or without an interest rate hike. As far as going from 75-90 in less than a week ... hell, we used to do better than that before lunch. -- cheers, bargain



To: Micawber who wrote (12620)8/18/1999 9:55:00 PM
From: Ken  Respond to of 19700
 
The way I see it, the stock has been locked in the low to mid eighties for several days and the drop to 75 was an aberation (sp?). Today, CMGI looked like it might break out to 90, but fell back to little over 85.

And by "failed rallies", I meant to indicate that this stock (and many other inets) fizzle out in the last half hour of trading, closing around the opening price.


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