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


To: Olu Emuleomo who wrote (1641)8/28/1998 11:15:00 AM
From: Stephen  Read Replies (1) | Respond to of 19700
 
This really is a falling knife given its precipitous drop. Also, with the lack of buyers, the internet stocks are ripe for a big correction given that many peoples stocks have been dropping during the year and any individual investors who may have profit on internet holdings may sell to meet margin calls after the last few days action.

I've been cash for a while ... can't even trade in this mire with any confidence.

Good luck all

Stephen



To: Olu Emuleomo who wrote (1641)8/28/1998 11:19:00 AM
From: ayahuasca  Read Replies (2) | Respond to of 19700
 
This is crazy. If CMGI does trade under 50, which at this point seems possible, I will sell my house to buy some. I dont understand people selling at these levels. Two weeks from now CMGI will be right back around $70.
The reason for this precipitous drop is what? The Russian situation? Has no bearing on this stock. Asia? Nothing new here, also little to no effect on this stock. General panic for no good reason? Ah yes.



To: Olu Emuleomo who wrote (1641)8/28/1998 12:00:00 PM
From: Olu Emuleomo  Read Replies (2) | Respond to of 19700
 
Be careful. This baby *will* trade under $50!

OK. Now going long (@49 3/4) for the dead cat bounce to maybe 57

--Olu E.