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


To: Douglas V. Fant who wrote (2775)12/7/1998 7:56:00 PM
From: oldcrow  Read Replies (1) | Respond to of 19700
 
Doug,

No connection with Dwight Yoakum...:)

There were 2 block and 1199 non-block (avg = 466 sh/trade) trades today.

With nearly 55% inst ownership, and a short interest of 4.536 mil shares (over 3 days to cover), we could see a nice earnings run back to the low 80's relatively quickly.

Instinet had CMGI in the high 71's after hours.

Total open interest, calls: 12,073
Total open interest, puts: 6748

ratio (call to put) 1.79 (an increase of 21% from friday)...

...looks like sentiment is turning to positive for an earnings run!

Additionally, Tom Evans (CEO Geocities) will be a guest in a live chat through E-Trade tomorrow night...some solid commentary there will most likely provide a good spark as well.