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Feel free to enter
a price guessing contest for this stock.
the May 28
CMGi was heavily sold today like a lot of the
rest of the market. We will have to see where it goes
from here. One good sign is that CMGi closed about 6
percent above the intraday low today. You will not find
many other stocks that are down today which closed 6
percent above its intraday low. Looking at the chart, it
is a shame that the market isn't already set up for
longer hours: http://quote.yahoo.com/q?s=CMGI&d=1d
Why are all Internet stocks selling today, even
those with grand-slam caliber news to report like
Because the MM's want to bring Internet valuations down
to a more reasonable multiple of their fair-market
They will succeed in doing so using stores of shares
far in excess of what individual investors can buy or
Anyone care to hazard a guess what CMGI's fair-market
value is as of today? No extrapolations based on
unrealized potential, please.
Not sure, but there are alot of knowledgeable
folks on the Raging Bull CMGI board. Lots of them are
into both fundamental news events on this stock and
charting. Over the week-end my husband read some posts that
said we might see a double bottom on CMGI before it
can firm up for good and make another run. You will
remember that last Thursday morning it touched the low
220's for a short time. Am wondering if we are going
there again today or tomorrow before moving up again.
Most folks over on that board seem to think that we
may end up basing between 240 and 280 for a week or
two before making the final split run.
knows? Keep the faith and good luck to you!
CNBC is speculating that CMGI is being sold off
ferociously because it has investments in internet companies
that it has spun off, the ENTIRE sector is down, thus,
CMGI's investments are getting clobbered.
way, just dumped my entire position but don't lose
As Arnold said in The Terminator, "I'll be back."