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

To: surfinSteve who wrote (2178)	9/29/1998 2:27:00 AM
From: Stephen	Read Replies (1) \| Respond to of 19700

surfinSteve, one thing to mention about some of the stocks like Amzn .... which is probably the best example bar non, is that it is a traders stock. There are a large number of investors who are convinced, quite rightly, that Amzn is overvalued and must therefore come down in price. They are convinced by the fundementals of the stock and as such believe its only a matter of time before it is the greatest short that ever traded. Therefore, if the market or the stock shows signs of weakness, they often pile in with their shorts. The pros wait for this, and then create a short squeeze which causes a massive move upwards. Other stocks, such as AOL have their own strategies. If the stock looks like it is faultering, they bring out news to make the shorts close out ... with the same but less dramatic effect. In each case the effect is self-fulfilling and inflating - but as long as no one stops playing it continues to work. If you want to play the game, start with a small amount of money and forget about it for 6 months. Its important that you don't look at the paper losses that may mount and decide to get out. Course if the market crashes in the meantime you're stiffed .... but there are no guarantees in life I guess (GG) Good luck !! Stephen