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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 (2885)	12/16/1998 12:07:00 AM
From: Andie Wei-Ku Lin	Respond to of 19700

CMGI was trading as high as 76 5/8 on Instinet afterhours. This coincides roughly with the previous 5-day high of 76 3/4. If CMGI opens significantly above 76 3/4 tomorrow, or near this area and then rallies higher, look to 76 3/4 as intraday support. Keep in mind that the 75 3/4 - 78 3/4 price band is a "noise area", such that significant support/resistance can be garnered in this area. If CMGI clears this area and moves higher, 80-81 will be the next level of resistance, which is the intraday high set on an early morning rally/spike on 12/2. I would advise that those SI members looking to hold CMGI pay attention to an intraday 30-minute tick/bar chart. As long as CMGI remains above the 20-period simple moving average on the 30-minute chart, it is "safe" to hold with the prospect of further upside movement. This also assumes that the 20-period SMA is above the 50-period SMA. As of the close today, the 20SMA was still below the 50SMA, but this should rapidly change if CMGI opens higher and holds the higher levels for at least 1 hour (i.e. 2 bars on the 30 minute chart). Best wishes for successful investing/trading. Andie W. Lin URL: nsx.net