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


To: bargainman who wrote (9059)6/1/1999 2:49:00 PM
From: Scarecrow  Read Replies (1) | Respond to of 19700
 
Hey, folks -- the latest short interest information -- now including May 1999.

05/99
Shares Short: 3,062,074
ADV: 4,614,381
Cover Ratio: 0.66

04/99
Shares Short: 4,959,278
ADV: 3,760,794
Cover Ratio: 1.32

03/99
Share Short: 4,529,187
ADV: 4,760,483
Cover Ratio: 0.95

Remember, the cover ratio is (shares short) /(ADV)

Note that CMGI posted the 15th largest decline in shares short and the 8th largest percentage decrease in short interest. I think the cover ratio is at least at a 12-month low.

These figures do not appear to reflect the split last week…

I find these numbers rather bearish, since they imply that most have covered and there would be no short squeeze to propel us higher in the near term.

Scarecrow



To: bargainman who wrote (9059)6/1/1999 2:52:00 PM
From: Jenne  Read Replies (1) | Respond to of 19700
 
No.. no fun.. and Im afraid that the worst may coming at 3:30.. I guess its back to cyclicals!