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

To: Scarecrow who wrote (5615)3/11/1999 10:10:00 AM
From: cyberman  Respond to of 19700
 
I agree with your points, but if you track the EBAY situation that occurred...there was a DJ wire story I believe that specifically said that retail investors were waiting for the split because they wanted to buy the stock at lower prices - I think with retail especially, that psychology plays a big role...

I think 3-1 should be done anyway for all of the reasons



To: Scarecrow who wrote (5615)3/11/1999 1:00:00 PM
From: Rene Madsen  Read Replies (1) | Respond to of 19700
 
The 3-1 split is not to attract retail investors but institutional investors. The problem is that CMGI currently has a very small float, which makes it too volatile to institutions. A 3-1 split would triple the float thus presumably stabilize the stock.


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