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


To: ct who wrote (3417)1/6/1999 9:46:00 PM
From: nikko  Respond to of 19700
 
Speaking of gap's,there should be one in a.m.



To: ct who wrote (3417)1/7/1999 2:01:00 AM
From: Gary105  Respond to of 19700
 
We did not fill gaps at 99 and in upper 70's. The gap at 99 was successfully tested on recent downturn. We also created gap Tues AM at 125. These gaps may or may not be filled. My purpose in mentioning was to point out risk or buying opportunity during next internet correction. The stock has had history of correcting 50% of gains - which is healthy for stock. Just a WAG but I would rate probability of at least testing the gaps as 70% for the gap at 125, 30% for the gap at 99 and 10% for the gap at 75. I give the former high probability because the entire sector gapped Tues AM and has history of filling these type of gaps (also history of running a little before weakening to fill gaps).

Being more of an investor than a trader, I would welcome opportunity to accumulate more - my strategy is to accumulate during dips or stagnant times and to hold for years.



To: ct who wrote (3417)1/7/1999 3:23:00 AM
From: Douglas V. Fant  Respond to of 19700
 
ct, A technical analyst I am not. Does the drop have to go all the way back to either 75 or high 90's to fill the first two gaps? Now today we gapped up from 121. Do we need to come back down around 121 to "fill the gap" or just fall a certain percentage backward toward the blastoff point?

Sincerely,

Doug F./