Now stay focused,,
1, BusinessWeek copy to hit west coast book stand this morning... with nice article on CMGI
2, @Ventures III 200 mill placement closing announcement ..
3, INTC announcement for ,, joint internet investment venture.
4, Possible investment from Haas family of Europe ,, they are worth billions,,
5, King World participation in the venture,,
As CEO is travelling this month ,, we have to get those announcements in a timely manner.. our CMGI just crossed 50 dma yesterday on the
chart,, and I expect a 5 point pop today ,, at least that is my expectation ,,,
Shorts are panicking this morning as they paint the tape to keep the spoos low,,
You see all the big MMs ,, who kept saying buy the value,, also have been shorting the market,, as Dow comes off the double bottom ,, expect
a rally to 8500 and sustain at 81-- - 8200 range till Nov rate cut,, we will also see cross the board rate cut in EEC,, next week ,, to match dollar
per dollar basis to protect their exports,,
My estimate for CMGI end of Oct was 55 ,, I have just raised it to 65 ,,
We shall see CMGIers,,
Never marry a stock ,, but use it as a tool to enhance your purse.. every stock has a Unabomber lurking to take it down ,,
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