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


To: neverenough who wrote (17764)4/18/2000 4:59:00 PM
From: Sowbug  Respond to of 19700
 
I tripled my position in CMGI today at 64

Nice buy. If I had any money left I'd do the same.



To: neverenough who wrote (17764)4/18/2000 6:02:00 PM
From: IngotWeTrust  Respond to of 19700
 
Sure can't fault you for either of those two moves. Sounds good! All the best. And GO DW!!!



To: neverenough who wrote (17764)4/19/2000 9:55:00 PM
From: Time Traveler  Read Replies (1) | Respond to of 19700
 
Well, it is now $60, $4 below what you paid for!

From the Level 2 data, it looks like that we did not get all the turkeys out during the recent sell-off. Those stock holders (your enemy) who want to be out are still hanging in there. If the general market drops again, we should be re-testing $50 soon. This is a strong support level. If it breaks, next strong one is at low $30's.

In the long run, you should be fine. This is a company growing at exponential rate in terms of revenue. However, I think if you are patient enough, you can pick up the shares cheap at $50 again. There is also possibility that you can buy CMGI at $30. Good luck!