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

To: Jonathan Brown who wrote (324)	4/12/1998 3:07:00 PM
From: Doug (Htfd,CT)	Read Replies (1) \| Respond to of 19700

I don't day trade ... so I have not observed the spread, nor have an opinion on it. Doug (long CMGI and LCOS)

To: Jonathan Brown who wrote (324)	4/12/1998 6:57:00 PM
From: Iceberg	Read Replies (1) \| Respond to of 19700

>Is it suspicious to you or anyone else? Jonathan, CMGI's bid and ask prices are wide, fluctuating, unpredictable, and are all over the map. They jump around worse than a wild Texas jack rabbit. I've gotten screwed on multiple CMGI orders. So my personal opinion is that it's a NASDAQ scam job. Pure and simple. There's no doubt in my mind that investors are being taken to the cleaners on the NASDAQ in general, and with CMGI in particular. Unfortunately, I can't prove it, nor am I interested in fighting the system. I just know a scam when I see one. If it walks, talks (and in this case, jumps) like a scam, it's a scam. My preference is to use the NYSE whenever possible. Ice

To: Jonathan Brown who wrote (324)	4/12/1998 8:53:00 PM
From: Elroy Jetson	Respond to of 19700

The Bid/Ask spread is often wide on many stocks. Limit orders are the appropriate tool to use in this case. I have usually found that if a stock is quoted at 25 bid and 26.125 ask, I can place a limit order to buy a thousand shares at say 25.25 and get the order filled after five minutes or so, likewise a limit order to sell at 25 will usually get filled in a five minute period. Placing a limit order makes you a "market maker" at that price up to the limit of the shares in your order. If you wanted to buy or sell 10,000 shares rather than 1,000 I suspect you may find the same results but over a period of time much longer than 5 minutes.