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


To: James Thompson who wrote (17428)3/28/2000 5:28:00 PM
From: Citidude  Read Replies (2) | Respond to of 19700
 
Jim, I wouldn't count on the AV IPO being the vehicle that brings us through April. News of that seems to have been absorbed and digested at this point.

I would gather that if today was a headfake and we start inching our way down to lower and lower support levels (especially after 4/17) or even break our 100 & 200 emva, we're going to take several months to recover.

Regardless of CMGI being a "different animal" (honestly - which stock isn't?), I still have this nagging curiosity as to why we didn't participate with the net rallies of the last 2 weeks and have languished here.

At best, I would say CMGI was "possibly" overvalued - the market certainly thought so. I believe we're heavily manipulated as well. In retrospect, we're languishing until a huge reversal or better yet, a rung-by-rung climb establishing a base on the way up.

At worst, your guess is as good as mine.