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


To: Mark Peterson CPA who wrote (5386)3/9/1999 6:41:00 AM
From: Rene Madsen  Read Replies (1) | Respond to of 19700
 
From today's Briefing:

Net mania is back! Bolstered by huge gains in CNET (CNET 208 1/8 +40 1/8), CMG Information Services (CMGI 199 11/16 +47 1/2), eBay (EBAY 171 +21 3/4), Inktomi (INKT 71 +8 1/8), Network Solutions (NSOL 214 9/16 +40), Onsale (ONSL 47 1/4 +15 3/8), uBid (UBID 72 5/16 +9 1/8) and VeriSign (VRSN 119 +14 3/4), techs resumed the leadership role they had abdicated in early February... Dynamic movement in the volatile Internet sector restoring confidence in tech stocks, and bringing daytraders back to the fold.

[...]

In a positive sign of things to come, participation expanding, with many second tier names participating in the advance... Poor breadth tools had been a major concern among market followers for weeks now... Though we aren't looking for a/d line to flash buy signal anytime soon, improvement in breadth stats will add fuel to the rally.

Techs really hitting their stride... If recent history is any guide you don't want to get in the way of this rally.