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

To: Todd Pagel who wrote (5941)3/13/1999 1:24:00 AM
From: Sowbug  Read Replies (1) | Respond to of 19700
 
Has nobody realized that CMGI will be added to the Nasdaq 100 next week?

Todd, I believe many people are shell-shocked at the sudden drop in the stock price at the end of the week. They'll be happy when they come to.

Against my better judgment, today I bought back two-thirds of the CMGI I sold Wednesday. Looks like I got lucky. The Nasdaq 100 news won't be enough to start a new rally, but it may stem further serious short-term declines.



To: Todd Pagel who wrote (5941)3/13/1999 7:41:00 AM
From: Gary Wisdom  Respond to of 19700
 
Regarding a gap up, don't be so sure. Here's why:

ATHM was added on Tuesday and is now $12 or so lower than where it was that day.

However, nothing is wrong with CMGI at this point. It is just testing the 13 day ema. So far, the test has been successful.

Add that to the Friday daytrader bailout which is normal, and with the market permitting, it's quite possible CMGI could reach new highs very quickly.

Credit for this analysis goes to my ouija board.


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