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


To: ct who wrote (6439)3/21/1999 10:08:00 PM
From: neverenough  Read Replies (1) | Respond to of 19700
 
I would look for your first line of support at the 13 EMA, which is about 173.

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To: ct who wrote (6439)3/21/1999 10:53:00 PM
From: George Martin  Read Replies (1) | Respond to of 19700
 
Hello, ct -

Re: support at 155 level: sorry, I'm not the best person to ask. I follow TA commentary but I'm not knowledgeable enough to give my opinion. After the upshoot to 200+ topping out at 226, there were comments on this thread that back fill in the 160's and around 180 + were anticipated. That seems to be happening as we did some filling at the lower level now are around either side of 180.

FWIW, here is my (current) "fool-proof" investment strategy:

WHEN THE STOCK PRICE FALLS 20 % OR $30, BUY MORE IF YOU CAN.

In line with this, I bought more on the way down in the 190's and more again in the 160's as it continued to fall with the initial 'no split' decision. This has worked great for me after I realized any shares I sold on earlier rallies, I ended up "buying back" more often than not a higher price.I've been in since January 1998 -- prospective 3 rd split really helps share accumulation !!

Also FWIW: I follow the same approach with AOL which I've bought initially in November 1994. With a market cap of around 100 billion, I see AOL as having become the "tortoise" (some tortoise !!) and CMGi the "jackrabbit" with a lot of hops to make from its current relatively low market cap level.

Good luck -

George Martin