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

To: ajunkh who wrote (5317)	3/8/1999 5:41:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 19700

Here's the argument why it should sell off: 1. Expectations are very high, and the price already reflects that, so it'll be hard for the company to surprise positively. A 3-1 split is probably the only way for the company to attract even more attention (by the way, the fact that enough authorized shares exist only for a 2-1 split is not especially meaningful. The board can always declare a split contingent upon approval by shareholders of an increase in authorized shares). 2. I believe the stock has gotten away from even the momentum investors now and it's the daytraders who are responsible for the movement (i.e., very few buy-and-hold investors bought at $199 today). So if day/position traders are still the same people I know, they'll be selling in the 10 market minutes before earnings are announced, and a big dive (much like the scary one in January) is likely. Here's why it should continue running: 1. Both people and Internet stocks are crazy.