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


To: sam who wrote (5626)3/11/1999 11:46:00 AM
From: Mark Peterson CPA  Respond to of 19700
 
Watched the whole run on my Time of Sales screen. The vast majority of sellers were 100 lot and similar size trades. Suggests to me that momentum investors and day traders got flushed down and out into the bay.

Best regards,

Mark A. Peterson



To: sam who wrote (5626)3/11/1999 11:57:00 AM
From: Mark Peterson CPA  Read Replies (2) | Respond to of 19700
 
Good show. Finally got my fill notice for buys at 175. I think most of the sellers placed market orders which added fuel to the fire and exacerbated the slide.

Mark A. Peterson



To: sam who wrote (5626)3/11/1999 1:01:00 PM
From: Brian Malloy  Read Replies (1) | Respond to of 19700
 
Speaking of retesting lows did you know that a gap exists in the $150 range? Not to say that we will necessarily go there, but it is good to know that it does exist.



To: sam who wrote (5626)3/11/1999 1:06:00 PM
From: Las Vegas Lou  Read Replies (2) | Respond to of 19700
 
I believe it will go below 173.5, but nothing is certain with this stock. I have been day trading this stock for several months and it does have certain patterns. Every attempt to rally since the opening yesterday has failed to hold and each decline is lower than the previous. I have been out since Tuesday at the close. The volume at the low 180 levels falls off dramatically and the only real volume spike came today at the 173.5 level. I don't know what causes it, but generally there is a steep decline around 14:00 each day and then a rally at 15:00. Keep a close eye on the volume at each price level and this will give you a clue as to where it is going from here. I still think there are a lot of people who want to take profits and we should begin to see various option strategies being unwound over the next few days that will jerk the price around. I have been impressed that this stock cannot manage a higher close in the last two days based on this relatively high volume