"On Jan-3, Nasdaq put in a low with an intraday price of 2251; it closed at 2840 last night for a total gain of 26%.
On Jan-8, CMGI put in an intraday low of 3.625; it closed at 6.5625 last night for a total gain of 81%. And this despite a not-to-thrilling conference call, a downgrade, and some flat to down days on the Nas."
Great observation potreppob!
Since CMGI has a high beta factor relative to the Nasdaq, CMGI will rise faster as well as fall faster.
We are in an uptrend mode now with the FED on our side and Dubya with a big tax cut coming.