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


To: Platter who wrote (2724)12/1/1998 12:55:00 PM
From: oldcrow  Read Replies (1) | Respond to of 19700
 
Platter! Here you are.

I wrote you a note over on the YHOO thread. Have nothing better to do on my day off then sit here and watch the level II screen.

No question, YHOO is on it's way back up (see my posts over there)

CMGI is interesting.

We have ISLD, MASH, NITE, TSCO, REDI, and BEST all sitting on the ask from 76 3/4- 77. With NITE, HRZG, and MASH scooping most bids anywhere in the 76 range.

If we get enough demand to break the 77 level...the stack indicates clear momentum to 79-80. If not support is 76.

Unless we get a curve ball....it appears likely CMGI will go up from here.

...too many folks "pissed off" that they missed the opportunity last time.

...too many short positions just itching to be covered at the slightest hint of reversal (which by the way appears to be now)...and oh how it sucks to have that buy stop skipped, and eventually executed 5 ticks up the scale for perhaps a net loss.

...I'm hoping you'll help out and post a few articles (to each internet thread) which boast titles such as "Have the internets returned?" or "the internets march onward" or "there is just no stopping those damn internets!"....not to worry, they'll be printed soon...just run an author search on the same folks that wrote the ones you have posted so far...they won't let you down... :)