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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 (4086)1/16/1999 6:57:00 PM
From: Sowbug  Respond to of 19700
 
I think option expirations expiring at $100 may of had a lot to do with CMGI closing under $100

I think you're right, Craig, and I'm surprised more people haven't mentioned this possibility. So many of the Internet stocks are new enough that options trading hasn't begun on them, meaning that we won't see the usual pressure on the stock to close near the point of greatest open interest in options. As you say, up, up, and away.


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