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


To: Guardian who wrote (6998)4/13/1999 1:08:00 PM
From: xclently  Read Replies (1) | Respond to of 19700
 
CMGI--noticed that when you look at the charts or historical data, you barely notice the 10% swings that often occur within 2 hour timeframe. The low for the day is 300 around 12:27 and is bouncing off that low. While these "headfakes" do cause gastrointestinal distress, historically, they have not been significant...we have come quite far very fast again, as have the publicly traded entities that CMGI has an interest in.

CMGI traded as low as $163 on 3/24--now ~$308
MSGI traded between 7 1/2 and 8 1/4 on 3/24--now ~$50
LCOS traded between $86 and 91 7/8 on 3/24 -- now ~$102
GCTY traded between $94 and 102 on 3/24 -- now ~$135
CPTH traded between $45 and $78 on its' 1st day of trading on the open market, 3/29, now $127 with a high of $150...

Not bad for 12 trading days....how easily some of us are disappointed!

Adjusting for splits, the stock was trading between $19 and $25 week of 4/17/98

Analyst meeting going on in NY now....



To: Guardian who wrote (6998)4/13/1999 1:16:00 PM
From: xclently  Respond to of 19700
 
Very slanted and distorted presentation of Asset Value of CMGI using old figures for holdings and estimated values from a pessimistic Robbie-Stephens report from "around a month ago"...said that CMGI was only worth between $53 and $150..but they did mention twice that a conference is taking place in NY now, and "we will have to see what they say there"