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

To: Jill who wrote (6148)	3/17/1999 4:52:00 PM
From: KM	Read Replies (3) \| Respond to of 19700

I know he is. I don't agree with him, just posting it for interest value only. BTW, I know it looks like CMGI tanked hard at the end of the day but again, it's on no real volume. What happens is a bunch of small sellers, daytraders bailing, etc. sell and the mm's drop the bid as they do to hose them. Doesn't mean a hill of beans. For instance, I'm long NVLS. One morning a few weeks ago, first trade out of the box in the morning was a sell of 1.3 million shares in two blocks at 67.5. A few minutes later, the news came out that NVLS was doing a secondary at 67.5. That kind of selling, you pay attention to. The stock hasn't seen 67.5 since.