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


To: Craig Rogers who wrote (2486)10/27/1998 2:16:00 PM
From: FDHIII  Read Replies (1) | Respond to of 19700
 
Tired it is....CMGI needs to take a breather before moving any higher....it's come a long way very quickly......MM's are selling into our buying for the meantime to keep prices lower....everytime you see small buying bring the price up you see a block sell order to keep the price down. Can anyone else verify my thoughts? I will however continue to hold AND trade.....this thing could very well be on it's way to 70...80...or even 90....

good luck all-

F~



To: Craig Rogers who wrote (2486)10/27/1998 4:51:00 PM
From: surfinSteve  Read Replies (1) | Respond to of 19700
 
CMGI Dropped 8 points from today's high to the low, or about 13%. That's a big move and more than just "tired".

YHOO and AMZN closed at or near their lows. This suggests more downside to me. I agree with TokyoMex that this is healthy because the runup lately has been large and long.

Even unstoppable EBAY took a tumble in the last 5 minutes of trading.

CMGI has gone from the high 30's to 60 in just a few weeks. It's current 200 day moving average is about 46. I wouldn't be surprised to see it back there for a great buying opportunity.