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


To: R Hamilton who wrote (2977)12/17/1998 4:32:00 PM
From: larry  Read Replies (2) | Respond to of 19700
 
When stocks announce a split, you can bet that it will gap up several days in a row unless the market tanks. Second, we don't have many trading days before Dec. 28th (actually only 6!) before the split, ... I guess a 120 close by then is very very likely. Actually I will bet 130.

The selloff caught me a bit by surprise. But with numerous daytraders on board, to close above 91 is not bad. SO today we closed at a all time high (based on closing price) and temporarily penetrated 100. Still I believe that those shorts will have to get further squeezed and eventually bend over because of margin call.

BTW, who gave the 150-200 target price?

good luck,
larry!