Come on people. Look at the market today. In a word, crap! Things look good for CMGI - the gap ups show demand for the stock outside of MM control. These trends we have seen this week (gap up, fall off) are indicative of MM manipulation.
This stock is moving well! Look at the trend over the last few weeks, not the last few hours. Today's volume is VERY low, as are most of the other net stocks. (2.5M shares YHOO at 3pm?). Look, most people have just STOPPED trading today, and the only moves left are options covering (probably done already) and position taking for Monday. The quotes I have show a lot of bargains.....this morning attests to the fact that traders are BEGGING for another net surge! DO you think its natural for CMGI to gap up 6points on no news? No, there is demand waiting in the wings.
The LCOS issue should be quiet, the IPO's will bring press, and don;t be surprised if some analyst recommendations come out soon. This is not a tired stock, just a tired market day!
too long !!! How can people expect this stock to go up with no major news and an option expiration date ? People saw a few stocks like RNWK, AOL, DCLK and ATHM move drastically and whined about weak performance of CMGI. Did they forget that we had a $47 move a couple of weeks ago ? This stock needs a little pause and we'll start another week on Monday. It'll be interesting next week as people get ready for the MSFT split. I expect NASDAQ to retest its high as it's lagging the DOW. Gonna throw the stone at it again and we should see CMGI move along. DELL is also kept down by options today so it's not a good day to make judgement on stocks. Good luck in CMGI.
About my name being too long - Don't I know it! When I lossged in, I couldn't get a unique ID, so this is all I could find. DUKE would be just fine for short.
As I look at today's action, CMGI is still trading around 185, and should close around that point. Look at the sell-off in the braoder marke indexes - devastating! YHOO for 170 bucks? NVLS for 57.5? Are you kidding!!!!! This market is an absolute steal!!!!! The trouble is that there is just no buying interest in the market this afternoon.
We have had nothing but good news from CMGI. I don;t expect anything different next week. I have a feeling a lot of people will read the stock pages tomorrow morning and go bargain hunting. Keep in mind, we seem to have the interest rate thing behind us, and we are getting oversold again!
We are dying to break out of this cycle, and the overnight quotes prove it. All day, my quote system has shown shallow bands on the ask side for CMGI, but people like us seem to be selling! If we can stop this, we will all bein the 200's on MOnday morning!