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

To: scanshift who wrote (8977)	5/28/1999 11:06:00 AM
From: jackhach	Read Replies (1) \| Respond to of 19700

Scanshift, Very good questions? Finally, someone who actually reads in full context. The basic theory is simple one (I'm not being snooty when I say "simple"), and mathamatically significant. SDEV models etc.... If a high (most recent) was created on well-above average share volume -- it is nearly (although NOT) impossible mathamatically to SUSTAIN a break above that high or similar low. Even if we were to "fluke" a SUSTAINED break above that high on less then steller volume -- it would likely break down in the following session. Unless we had a follow-up session that was particularly heavy in volume -- only might it then SUSTAIN. This is not VODOO -- this is simple algebra. Which I unfortunately skipped a lot of in high school, but was able to pick back up in college with some additional quant-meth classes. I'm not claiming to have any "crystal ball". I've done my homework as was explained to me in those quant-meth classes (which I hated) in college. Give this some time and you'll see that it has very provable significance. Thanks for what I assume was a honest/sincere question. The reason why I post is that too many LONGS get screwed up by the daytraders. They read/buy into false highs and lows. I'm not fond of them -- and they surely not of me. Although I do respect what they are doing. Best to you! Forgive my spelling -- I struggle with words that have double-cons. oh ya', BTW -- just so you don't let others fool you. When a stock splits it then doubles it's shares. So ADV is now around 9.5 million based on a six-week average. -JH