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


To: Mark Peterson CPA who wrote (8461)5/21/1999 10:07:00 AM
From: Jenne  Read Replies (1) | Respond to of 19700
 
STOCKWINNERS:For sometime, we have been saying that the 3rd and 4th weeks of May are typically rough times for the markets. We have also consistently reminded our members to raise cash using rallies for buying stocks cheaper. We have also stated that this is not a time to be buying on margin. Despite all these statements, we have received many e-mails from our members who are getting killed by margin calls from their brokers. It appears that most of them are playing e-brokers, e-banks, and Internets. Our advice is to try to stay in your positions while averaging down. Stocks such as NTBK, TBFC, EGRP, AMTD represent good companies. These stocks will surely be higher during the next rally that we have in Internet and financial issues. Other stocks such as ATHM, INKT, and MSPG fall in the same category. We will not be a seller of these stocks in a fire sale fashion! We do still believe that shares of CMGI and AOL are heading higher. Both these 2 stocks may see additional softness this morning due to options expiration before heading higher.