in the next few days place GTC order to sell your cmgi shares @ limit order of $100. there will be accumulation starting with wednesday and may be a proxy fight coming in the near future to control the board if they did not announce a buy back soon short squeeze is in your hand.lets join together in defeating the shorts and board members of cmgi who conspired with them. it is time to move now please place GTC order with hight price with your brokers and very soon we might see a proxy fight for control of cmgi. Please do your part timing is very important. Cmgi has almost $3 in cash and trading at about $1 there is a big conspiracy and the board and some institutional holders are trying to rob you (CMGI is 80% owned by individual investors). Lets show those theifs that they are not gona win. Again place your GTC orders now and wait until the battel of control of cmgi starts. Have you asked your self why cmgi which will exit 2002 with over $300 millions and a burn rate less than $15 million wouldn't dedicate $100 million of the unneeded money to buy shares @$1/share when the company has almost$3/share cash. are they try to protect the share holders or the 20 millions shares short? there is no answer other than the board is working against you individual investors. NASDAC eased restriction on the buy backs and the company has excess cash and there are 20 million shares short unbeleivable. If they don't beleive that $1/share is cheap enough lets liquidate now and sell all the pieces and get the cash to share holders.let the board answer those question to your satisfaction or boot them out
I agree with you 100%. I just tried to place a sell order on CMGI on line as you suggested and the sell order was rejected because it is outside of the price range which is set at $0-2. Interesting situation isn't it. Seems the brokerage houses are ahead of us on this one. Any advice as to how to get around the brokerage houses blocking us from placing a sell order at a higher price?