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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (12817)	8/10/1998 4:28:00 PM
From: Judy	Read Replies (1) \| Respond to of 120523

cmgi may not be able to take out 91+ unless the market is extremely receptive to the Geocities IPO. Everyone knew it would IPO at 14-15, and today the IPO price was raised to 16-18. I posted to Jenna the pivot for CMGI was at 87ish, three times the stock could not take it out in recent days. Note that 30 percent of the IPO price yields roughly cmgi's hold high, measured from the pivotal point. The market is an efficient pricing engine. Plan to lighten up some more cmgi this week.