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

To: McNabb Brothers who wrote (9027)	5/29/1999 2:29:00 AM
From: Grumman Tiger	Read Replies (2) \| Respond to of 19700

Is anyone in agreement that CMGI reached the bottom @173 on Wed? It looked to me that we made a nice double bottom formation with solid accumulation. The weak shareholders gave away their shares to the smart investors. I subscribe the philosophy that the market doesn't lie. The best indicator is to actually watch what happens to the stock in relation to volume. Everyone has a different opinion so the best plan is to watch the indexes and make educated moves based on what the collective group of investors ARE ACTUALLY DOING. CMGI is very difficult to value or predict on fundamental analysis because of the large diversity of companies. The market rarely reacts to an announcement unless it is major, like LCOS. Any earnings news at this time is hard to value because of the development of the company. I think CMGI will remain in a trading range for 6-10 more business days in the area of 95-125, then advance to the new highs around the 2nd-4th week of June. I would be interested in everyone's feedback. Regards, Grumman Tiger