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

To: country bob who wrote (18674)	12/3/2000 11:14:47 AM
From: rocklobster	Respond to of 19700

thats what people have been saying all the way from $160.. I thought VYTL was a good buy at $20 with 1.5 billion in cash reserves and an annual burn rate of only 400million.. but it went from $20 to a recent low of $4 Ithought ICGE was at the floor at $9, but it is now around $6.. last week would have been a great shorting opportunity when these two CMGI ICGE ran up 40% and 50% in two dayz.. I certainly wouldn't short either unless they made a real big short term move... anyway....I hate shorting to begin with...this is my problem... As traders, we can't afford to have emotional preferences regarding long or short positions.. as a trader, you must trade with the trend to survive.. this means shorting rallys in downtrends and buying dips in uptrends.. we are in undeniable downtrends in everything I watch.. and I have been unable to make the transition to the short side.. the only alternative is to stay on the sidelines.. I am trying to teach myself these things and trying to learn the discipline to implement what I already know... by the way... I have no position in CMGI right now. I have traded it long on the way down though... for anybody who is long right now...You may consider selling covered calls on the pops... its a great way to reduce your cost basis. especially in a downtrend, since the chances of being called out are reduced significantly.. rok rok