Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bretsky who wrote (6498)	3/24/1999 6:05:00 AM
From: Gary105	Respond to of 19700

Bretsky, don't let cash burn a hole in pocket. i would watch today as stocks may continue lower. Short term is impossible to predict - CMGI is touching bottom BB - it will either continue to break down or reverse course. If it breaks it will set up short term trading opp in the 150's, maybe even in upper 130's (ie at 50d MA) Key is being nimble in the event it continues to break down. I would rather buy as its reversing upward rather than try to call cycle bottom. Ideal buy point would be 200 D MA which is much lower than current levels (ie in double digits). One day it will break 50 d MA and drop to 200 d MA. That will be ideal buy from both value standpoint and technical standpoint. OT - my favorite net choice right now is XMCM, very underfollowed, has a healthier chart (mild advance, consolidation, mild advance), is continuing to build market share (as community site), and will soon have over $100M cash from secondary. Imo it has the possibility to have a GCTY type valuation in a year - depending on how they execute their game plan. Re. ATHM - good to buy on dips. Bandwidth is the key enabler to the web. Again I would watch at open today rather than act to see how the market does. We could see some very good buying opps if we wait. All in my opinion, do your own DD. Gary