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

To: Robert Rose who wrote (8510)	5/24/1999 12:18:00 PM
From: jackhach	Read Replies (1) \| Respond to of 19700

It's a standard deviation-based model that has taken a very, very long time to develop. It can't dictate the direction of a stock, but it will let ya' know when your heading into trouble (i.e., when mean-ownership price declines etc...) Usually when a stock falls into a [its own highly-concentrated ownership range] it either ever so slowly goes further South or it bases (trades sideways on decent volume) and then rebounds with some punch. Microsoft was in this pickle a few weeks ago -- and then chose to bounce out a bit and in doing raised it's prevailing ownership price. The model is similar to many other methods commonly used to evaluate stocks -- but most of these methods I've found to be delayed and/or too vague. It is very, very difficult (meaning it takes a ton of time & volume) to break down through these highly concentrated ranges of ownership. If this occurs -- it is a basic/fundamental statement about the stock. It would indicate that several institutional owners have decided that the stock is not worth owning anymore and they are backing themselves out of it on opportunistic short-lived bounces. This is a rare event of late -- and is an indication of something far larger taking foot. -JH