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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?


To: BoNg-N-BoNg who wrote (22379)9/27/1999 10:23:00 AM
From: Susan Saline  Read Replies (2) | Respond to of 43080
 
we had a tech selloff in the summer ...

summer rally that never came about

well

I am long CMGI ... and not trading it 'cause ... we are now nearing Oct rally time.

CMGI went flat/to slight uptrend during the last month ago ... it did not really selloff like so many others

so I will just hold long term and ignore it



To: BoNg-N-BoNg who wrote (22379)9/27/1999 9:04:00 PM
From: Susan Saline  Respond to of 43080
 
CMGI (CMGI:Nasdaq)
reported fourth-quarter earnings of $4.24 a share, greatly beating both the six-analyst estimate of $4.08 and the year-ago 28 cents. The company said it expects its fiscal 2000 revenue to top $750 million.

Separately, CMGI announced plans to purchase 1stup.com, which helps companies offer ad-supported Net access to their customers, for $60 million in stock. (For more on CMGI, see After-Hours Markets below.)

After-Hours Markets
CMGI evidently means "Company Made Good on Island," because its stock was the heaviest traded and most up in after-hours on Island ECN. The big move comes from the company's solid fourth-quarter earnings, announced after the close.

Name Price Change Session Volume
CMGI (CMGI:Nasdaq) 96 3/16 +3 3/4 84,906

CMGI (CMGI:Nasdaq) 97 1/8 +4 +4.3% 1,550


rd.yahoo.com*http://www.thestreet.com/_yahoo/markets/eveningupdate/788085.html