Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: james h. snyder who wrote (3139)	12/21/1998 2:38:00 PM
From: keta	Read Replies (2) \| Respond to of 19700

I have a limit order to buy more at 120.

To: james h. snyder who wrote (3139)	12/21/1998 2:47:00 PM
From: Islander	Read Replies (1) \| Respond to of 19700

the next 20 minutes will tell how we close, imo. the shares dropped down to 122.5 and the buyers came in and took it back to +123. unbelievable momentum to the upside. I didn't buy at 126.5 after all. I am going to pay off my car today at lunch w/half the profits today, which total ~ $25k, paper of course. I keep thinking, "...if ebay can go to 300, why not CMGI?" hard to advocate selling this one unless you buy back at the close. I bought on Friday, at market, at 16:59 and got 98.625, thanks to the daytraders who sell rather than holding. that same tactic will work well today and all week. I watch the TICK for a general feel of the market, it is only -42 with 45 minutes to go. the market looks quite strong in my view, I know, "..well...duh!"

To: james h. snyder who wrote (3139)	12/21/1998 3:04:00 PM
From: Islander	Read Replies (1) \| Respond to of 19700

holding "steady as she goes", 122.125 on the bid, TICK at -303 at 3:00 EST. like to see strength around 3:30 after the next wave of selling, if it comes. lots of buyers out there thinking this is the next big one and ready to buy ~120 like Pulse.

To: james h. snyder who wrote (3139)	12/21/1998 3:48:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 19700

james, The close depends. If short sellers come into cover, then the price will rise at the end of the day. That is a common pattern for Internet stocks with large short positions. CMGI before today had a short position of around 30%. I feel sorry for them today! I myself just dobled my position at 121 1/2. I have been watching volumes and trades- I think that more than one Mutual Fund is now buying CMGI shares judging from the consistency size of trades I am watching in the 2,000-10,000 share size trades... Someone is accumulating. Also we blasted past the $91/share resistance into the "blue sky". It will take a while to settle down and find a new higher trading range.... Sincerely, Doug F.