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

To: J Boynton who wrote (3872)	1/12/1999 11:21:00 PM
From: HoodBuilder	Respond to of 19700

For all those folks who just got a taste of the NASDAQ for the first time in a fast market you better get use to it if you're gonna trade Net Stocks. All you need to do is watch a Level II screen for a day and you'll understand why a stop loss gets filled 20+ points below your number. The SOES traders have been responsible for the meteoric rise of these stocks and as most people know, Stop Loss Orders become market orders once your price is hit, if 1000's of shares are hitting the Offer side of the market and there are no bids (i.e. this a.m.) as bids come to the market orders get filled. Large point drops and large point gains dominate these stocks as only 100 and 200 lot traders represent the inside market. My simple yet prudent advice is to stay away from NEt stocks if you don't like the fact that these stocks can go down as fast as they go up. It took me a long time to discipline myself not to Panic Out! Todays price action was a cheap lesson for many and an expensive one for a few. Another way around the ups and dows is to buy your positions on a monthly dollar cost average basis and forget it. If you really believe in CMGI I would guess that 1 year from now you'll be very happy that you didn't sell on a day like today.