higher, yet lacks the strength to reach day high, a sign that CMGI is going to trade in a very narrow range today, very likely to close even from yesterday around $180 range, unless there is a big buy program kicks in to push it higher due to Index purchase. When taking into the consideratino that both DOW and NASDAQ are down big points today, and all internet stocks (except for a fractional few) are down today, this is a very good sign. It means CMGI has found its new support leve around $180 to start the next wave of surge up.
Hold on tight Longs, we will see better days to come soon.
I thought that this is the first day that this stock is in the index according to last Friday's press release ? All the mad rush to buy for index trading should have happened Monday and Tuesday. I'm quite confident that we'll see better days ahead.