SI
SI
discoversearch

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: Brian Malloy who wrote (7190)4/15/1999 8:36:00 PM
From: Scarecrow  Read Replies (3) | Respond to of 19700
 
Brian,

RE: Basically I see CMGI hitting $170 between
19-23 April with 60% probability
19-29 April with 90% probability
Only a 10% chance that we do not hit $170 at any point between 19-29 April.


In general, I hate predictions, particularly (since I'm a buy-and-hold type) short-term ones. Short-term predictions are wildly inaccurate, because different short-term events (wars, sector profit warnings, etc.) can have a material short-term effect on a stock, even when there's nothing wrong with the company. Wildly long-term predictions can also be just as absurd because so many variables can affect them. To me, a 12-month window is an appropriate timeframe for one stock.

Now, as long as you don't go TMexing us (45 predictions a day, one guaranteed to be semi-accurate), I think your post is entertaining. Mind you, I disagree strongly. But I'll give you this much credit: you laid it on the line. However, I and many others on here will be lining up to either eat humble pie or take a smack at you later this month... With the split coming up, I think the kind of downward pressure you're pounding the table for is quite remote.

And, everybody, while this was a wild couple of days, look at it this way: We closed Tuesday at 297+ and -- after a hellacious coupla days, we're only down 20-ish points. Hardly a crisis, when you look at it from that perspective.

Scarecrow



To: Brian Malloy who wrote (7190)4/15/1999 9:07:00 PM
From: robbie_nw  Read Replies (1) | Respond to of 19700
 
****somewhat OT******
Has there been any announcement of an impending split on CMGI?

(if this is a blatantly uninformed question...please forgive.....I don't follow CMGI)

CMGI caught my attention when big news came out about RRRR....and people started comparing to CMGI.

anybody care to take a peek @ RRRR and see if there are any similarities to CMGI? Would genuinely be interested if any of you CMGI'ers see a sympathy play here with RRRR.

Heres some of the news:
Thursday April 15, 3:26 pm Eastern Time
Apollo Management, L.P. in Agreement to Invest $75 Million Into Leading Internet Solutions Provider, Rare Medium Group Inc.
- Investment to Transform Rare Medium Into New York-Based Provider of Venture Capital, Internet Solutions and Professional Services
.................This is among the largest single private equity investments ever made in an Internet company by one investor. Following the closing, Apollo will be Rare Medium's largest single shareholder with an ownership stake of approximately 25% on a fully diluted basis.

full news here: biz.yahoo.com



To: Brian Malloy who wrote (7190)4/15/1999 10:42:00 PM
From: Joseph Stratmann  Read Replies (1) | Respond to of 19700
 
Brian, your thoughts on why you think (and when) CMGI will hit $170 was interesting. I'm terribly new to TA so if I ask a stupid question please go easy on me. :)

You mentioned "right now the markets, in particular the NAZ and S&P are at an inflection point. Multiple gravity wells are attracting the source of the market."

Well, now remember I'm a beginner, it looks to me like the S&P has a good momentum going for it (just looking at trend lines). I'm plotting this on a standard Bar chart (Hi, low, close). I drew a trendline from 10/8/98 thru 04/15/99 (and it almost *perfectly* hits the lows on 3/3/99, 3/25/99 and 04/01/99). Close to 45 degrees as well! My understanding is that's excellent - solid movement over time. I then have a second trendline from the low on 12/14/98 to 3/3/99.

There also appears to be a support level tested about 3 times at 1,209.5 and it pierced the resistance level at 1,280.5 again 3 times. Perhaps the "old" resistance level at 1,280.5 is a new support level?

If I'm using terminology incorrectly please let me know.

Is this just a pretty picture I drew or does it actually mean something and am I interpreting it correctly? Oh...one more thing, are there other pieces I've left out? (granted this is about as much as I've learned of TA so far) :)

Joe



To: Brian Malloy who wrote (7190)4/15/1999 10:48:00 PM
From: bargainman  Read Replies (1) | Respond to of 19700
 
Brian -- Inflection points, Multiple gravity wells, divergence ... how do you bring all this technobabble to bear on a stock that simply defies any pattern analysis? Don't get me wrong, I'm not saying that 170 can't happen, although I may need to be hospitalized if it does at this juncture. I just don't understand how you can be so certain.



To: Brian Malloy who wrote (7190)4/16/1999 6:25:00 PM
From: USRX888  Read Replies (2) | Respond to of 19700
 
<<I would appreciate your comments on when you see CMGI $400. >>

My bet is that we see 400 before we see 170.....Winner gets the bragging rights......roflmao
Even with this tech correction underway......

888