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

To: Craig Rogers who wrote (3941)	1/13/1999 5:49:00 PM
From: Grabs	Read Replies (3) \| Respond to of 19700

I just looked on Bloomberg, and yes, the $95 trades did occur. It was wierd though because there were trades in the $100-113 range as well and most of the trades at $95 were for 100-200 shares. I'm not sure how afterhours works, but there would be one trade at $110 and then the next at $95, then several above $100 and then on at $95 again. Anyone with access to trade info know how after hours works. Is $95 what we can expect CMGI to open at? Grabs

To: Craig Rogers who wrote (3941)	1/13/1999 7:11:00 PM
From: Jon	Read Replies (3) \| Respond to of 19700

The after hours quote is correct. This, however, says very little about where we may open tomorrow. The size was small (100 shares) which led me to believe that it was a small investor. Instinet is only "negotiated" trades, therefore, no market orders. This also means that you can have one order at one price followed by another that's completely unrelated. 9 out of 10 trades that people do on instinet, both before and after the close, are terrible trades! Think of all those people who were selling before the open today. Yesterday too! Yes, I know what you're thinking: "for every buyer there's a seller..." Well I guess you're just going to have to take my word for it. I've been a trader for the past few years and I've yet to see, even a professional trader, make money, consistently, on Instinet. Now I'll just say a little something about this "buying opportunity" that people are talking about. For those who've been here for the past few months, you've undoubtedly seen "newbies" on this thread recently pontificating about the potential for CMGI, the MM manipulation, and of course the unbelievable trades they've made......... Don't be fooled. For us "old timers" I sincerely hope that some of you took some profits. Forget these "newbie" cowboys. We know this run is COMPLETELY UNPRECIDENTED!! Nothing in history compares, including the biotech craze that I've spoken about before, to what we've had. Nothing. Not one recent move in AMZN can even compare to our 3 day charge up. So don't think that every dip is just a buying opp. unless you plan on holding for a long time. If you buy on the way down you may be standing in front of a frieght train. Yesterday we had a 98 point(pre-split)move downward! I said before that if things keep on going the way they were we would see a 100 point decline in one day. I thought it would be in YHOO or AMZN but, to my surprise it happened to CMGI. When it came back we were all given an opportunity to sell with great profits. (I sold half of my position yesterday at the close) Don't be stubborn to the point that you're praying for the stock to "come back". It won't and you'll get killed when you try to sell into the down movement. Manage your position wisely. Lighten up. Hold cash and wait for things to calm down a few days. Then we can look for 200 again. Until then I belive we'll test every support level and we could end the week under 100 because of the long weekend (King Jr.'s B-day is Mon. and they won't want to leave their money on the table that long with Brazil going bust and the impeachment trial in full blast) Good Luck, Jon