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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (12426)	7/20/1998 1:40:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

I understand that, Judy. I was not invalidating your mention of CMGI. I was just attempting to get a read on the current condition of the stock. I can see where it may still have possibilities. I think we will know soon. It has significant resistance to move through to make a new high. This coupled with its loss of momentum is why the end of my last post had a skeptical tone to it. If buying interest does not enter the picture soon, I think the stock will start a move down. I wonder what the current tape action is on this stock? Bob Graham

To: Judy who wrote (12426)	7/20/1998 2:33:00 PM
From: Robert Graham	Respond to of 42787

Well, I just now looked at the quote on CMGI. Quite impressive. This tells me there is a ready supply of money to jump very quickly back into this stock. At least I got the part right where I said this stock is going to do something soon. Lets see where it closes today with respect to its resistance at 83. Incredible! I see that the public speculator is alive and well. Next we will hear reports of people leaping into the air form the top of buildings thinking that they can actually fly. Not like the movies where they have an inflated cushion at the bottom of the building. I do think there will be a few days of profit taking before this stock resumes its uptrend after a day like this. But I will be keeping my eye close on this one! I was hoping to gauge the strength of the stock by its run to the 52-week high. But it looked like it has leaped this tall building in one bound. But then CMGI may prove me wrong again. Bob Graham