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


To: Jenne who wrote (8071)5/10/1999 9:42:00 PM
From: ELIAS DEEB  Read Replies (1) | Respond to of 19700
 
I'm not to sure but we really need to break through 250. Then we're on to 300.



To: Jenne who wrote (8071)5/10/1999 11:27:00 PM
From: George Martin  Respond to of 19700
 
Regarding tomorrow, my guess is worst may be over for CMGI (for now, of course !!) with the usual internet volatility. Pretty good bounce today in a number of internet category leaders with boost from the NBCi "creative" win-win merger with Snap and XMCM. (Good contrast to the "dead weight" Diller USAI bid.). Also, puts some other top 10 or top 25 sites in plausible play and sets some current valuations on the market for comparison. (**OT I've been holding XMCM and MINE for this reason; personally, I haven't liked TGLO or NTXY as much.)

For CMGI, seems likes news should continue to trend pretty positive:
good news on LCOS, Engage announced, more IPO's coming near term, Fidelity "endorsement"-- some pretty good news momentum. DW just continues to add pieces to the puzzle -- exciting to watch as long you can hold your breath on the roller coaster rides. As noted on an earlier post, every 33 % "correction" -- which seems to be CMGI's hallmark -- just sets the stage for another 50 % move back to the same place !

IMO, increase in float hopefully will help some with notorious CMGI volatility. Bigger float may attract more more fund managers to CMGI as THE PREMIER LONG TERM, HIGH GROWTH, DIVERSIFIED, PURE INTERNET PLAY -- no stock selection or sector or category rotation necessary.

Good luck -

George Martin