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

To: neverenough who wrote (2765)	12/7/1998 12:21:00 AM
From: FDHIII	Read Replies (1) \| Respond to of 19700

>>>I think we could see a 30 pt swing this week.<<< Up or down?......I entirely agree that CMGI is a wonderful stock, Company etc. etc.....I too have made alot of money on CMGI for it is great for it's trading properties.....but as for now I see CMGI either bouncing vigoriously off of it's 62 support level and running hard to 90ish such as it has done twice before, once it did this on 7-10-98 and the second time it settled down to the 60ish range on 8-6-98.....these two times it ran VERY hard crushing all of the shorts in it's way.....the second scenerio is that it plummets past 62...the next support level is at the 34-36 area.....after that who knows....but.....there is good news and bad news......most of the shorts know this already and are expecting to cover around the 60ish level waiting for a bounce....BUT they also know that CMGI may be expecting poor earnings this quarter.......But CMGI also has a bad habit of selling LCOS shares just in time to please shareholders come earnings. Please don't misconstrue this post though.....CMGI is the easiest of the nets to predict and trade.....but as for CMG's performance in the last week all I saw on Level 2 were block sells of 5...10....and 20k or more shares....this is VERY unlike CMGI's past performance. In the long run CMGI looks very bright.....but time will tell..... good luck all- F~