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

To: LarryCPA who wrote (17752)	4/17/2000 9:53:00 PM
From: Sowbug	Read Replies (2) \| Respond to of 19700

Was it real or dead cat? I'm afraid to say this in case it comes true, but here goes. The first part of my prediction was a brutal selloff in the morning. That didn't happen -- in fact, CMGI for example barely dropped below Friday's closing price before it started skyrocketing. So I believe there are still many weak hands out there who will fold if challenged. If tomorrow's Nasdaq composite doesn't close within 10% of its daily high, that will encourage the TA weenies to announce that the rally has ended, and we will retest 3200 before the end of the week. The test will be successful (i.e., it'll dip below 3200 only briefly and then rebound strongly), but it'll flush out the remaining weak hands -- so make sure you're not one of them! Disclaimer: I'm some guy on an Internet stock board. If you actually believe anything I'm saying, you have no one to blame but yourself.