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


To: Gary105 who wrote (7113)4/15/1999 8:34:00 AM
From: Mark Z  Respond to of 19700
 
Gary -

Thanks for correcting that. I had transposed the 2 & 3 switching 23 to 32.

The stock closed 12/31 at 53.25 (106.5 presplit). That makes it nearly 500% in 3.5 months and 600% if you go back to early December. If that were to continue, we'd end the year at about 7000. I like the company and am bullish on the stock but not that bullish! So I agree that this incredible run cannot be extrapolated out for the remainder of the year. Nonetheless, as the # of shares available increases and institutional interest picks up, I think CMGI will continue to be amongst the top performers in the 'net sector.