...a friendly Fed is a huge change. Furthermore, bear market or not we are in for a rally. Question is, how long will it last and how far will we pull back. To be short CMGI right now is just plain dangerous. Good luck.
CMGI will drop by several points. Right after it will hit 15 to 20. Nothing drops forever and nothing goes up forever. The length of this NASDAQ bear market already marks it as longer than average. There may be some retests yet but historically the start of the lower interest rates is the start of the market turnaround. I got in heavily into PSIX at the end of December when it was around .75 and rode it to 3. PSIX still has a lot of upside momentum but I mostly switched from PSIX to CMGI. Aren't we lucky CMGI has so much upside potential.