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Strategies & Market Trends : January Effect 2002 -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (11)12/11/2001 5:10:32 PM
From: Dale Baker  Read Replies (1) | Respond to of 91
 
Now back a bit more, try 2.10. You can probably get CMGI much cheaper in a few weeks.



To: RockyBalboa who wrote (11)12/11/2001 11:33:57 PM
From: Mad2  Read Replies (1) | Respond to of 91
 
These things frequently run into earnings and then "sell off".
Noticed that CMGI was the heavest issue (in volume) on Island after-hours, trading around 1/2 mil shares....for a two dollar item, still small tatos.
what I find interesting about CMGI are the seemingly earnest steps to pair down lt debit (eg buyback of debit and pref shares at a heavey discount). Sould be a survivor.
If some of their businesses could show revenue growth, they might find favor again.
Anyway, I sense good risk return ratio at the 2 buck level, besides I can console myself with the though that I bought stock that less than two years ago would have cost $566,000 (and paid 4 grand for it;?)
mad2