Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Jenne who wrote (8855)	5/26/1999 10:19:00 PM
From: George Martin	Respond to of 19700

Jenne - TA contributors may have some read on the split / long WE. JIMO, as per post yesterday it seems we were at / or least very near n the bottom -- a good healthy bounce and not a weak, jittery one seems more characteristic of the bottom. Jeffies & Co. analyst on Bloomberg today said during his coverage period of what he called "internet land" (maybe not bad analogy a la Disney / Dizzy Land !!), there have been 5 corrections on the order of 25 to 45 %. He said this AM the top of that was matched. Also, just IMO would be surprised if there wasn't some pop with the split, although doesn't look like what we'd usually expect as you commented over last weekend. Would be a VERY GOOD sign if most of today's gains would hold through the WE, but some slippage would not necessarily be telling as the WE's have been typical temporary bailout time in "internet land." Hoping split surge will sustain upward bias and thinking more will see 'good bargains' in the ruins next week -- assuming we have a continued cease fire of the margin call bombs next week. When the fear of the daily 10 % plunges subsides, the investor interest resumes along with buying instead of primarily selling. For me, at least, I try to just sit tight when the bombing is on and sort out the choices at a less pressured time. If the cease fire does continue next week, that could lay the ground some gradually rebuilding -- it's all not really that different thus far from last year's 9/1 - 10/8 scenario. Let's hope it continues.... George