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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: drsvelte who wrote (1672)8/10/1998 12:21:00 PM
From: SJS  Read Replies (1) | Respond to of 14427
 
Doc,

I follow CMGI very closely. Took 20 points from 65 to 85 about 3 weeks, or so ago. Sold it, and let it drop down in the recent weeks carnage, and then saw it bounce 20, right back to 85.

I think CMGI is a great ST "play" (emphasis on play, you MUST watch it like a hawk), but the GEO IPO was factored in weeks ago as the IPO firmed. I'd be very cautious at this level, 6 points or so from the all time high and the internets being in the cross hairs if we get overall panic selling.

Knowing your penchant for closely monitoring your investment and your fairly strict discipline, you could participate now, but I'd look for a pullback into the low 80's or 70's for a very quick trade.