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


To: player who wrote (817)7/28/1998 6:25:00 PM
From: Urlman  Read Replies (1) | Respond to of 19700
 
FWIW support @ afterhours.. last afterhours "Form T" trade @72 a 5000 share buy @16:05:22

Cheers,
Urlman



To: player who wrote (817)7/28/1998 6:41:00 PM
From: charger  Respond to of 19700
 
One thing you have to consider is that this stock, along with almost every other internet stock, nearly tripled off the low in early June. It took 6 weeks to go from a 800M to 2B market cap...that's a lot of juice. So in a market environment like this, internet stocks are the most ripe fruit to get picked from the profit tree. Eventually, once the market settles down and the speculative juices start flowing again, they will take off. What will it take to turn the market around and on to new highs? I don't really know, because earnings season is behind us with nothing but uncertainty ahead. Breadth is at a six month low, and Asia still sucks. My guess is that Japan will have to lead the way, or we are screwed. That's like asking your third string quarterback to lead a last minute come from behind touchdown drive!



To: player who wrote (817)7/28/1998 7:23:00 PM
From: Debs  Read Replies (1) | Respond to of 19700
 
I think it is very possible and in fact i am not sure 63 will hold imo...If the IPO is cancelled for a period of time due to unforseen market conditions then we really have problems....May be able to buy at much lower prices....Just something to think about....



To: player who wrote (817)7/28/1998 8:07:00 PM
From: Sorin A. David  Read Replies (2) | Respond to of 19700
 
I am afraid you're right. This is what my chart tells me as well. The only support may be the IPO (I hope...). Let me ask for your oppinion. I am short covered some Aug 90 calls. Would you let them ride even into the IPO or would you cover on any further weakness.