OK guys, why should plop down the seckles to purchase 20,000 shares of CMGI. I have to provide a "punch list" of justifications for the wifey. Thanks in advance...Eric Stratton, and damn glad to meet you!
My on-line broker provides opinion from a company called SECOND OPINION.
This opinion came out today.
In October 1999 I bought 1000 shares of CMGI based on an article in the Wall Street Journal. Just by pure luck I sold all in January 2000. Check the historic prices.
I have watched CMGI since then and have bought it a few times and made a few cents.
Last Friday I bought 5000 shares for 1.96. Today I bought 10,000 shares for 2.02 and another 5000 shares for 2.00.
Either I will repeat my good fortune of year 2000 or I will go down with a sinking ship.
I hope SECOND OPINION knows what it is doing!
Good luck. I would not recommend that you invest any amount that you cannot afford to lose.
I have been investing in stocks and mutual funds since 1974 and I know that sometimes the "sure things" turn out to be real stinkers!
Second Opinion� Weekly - C M G I INC (CMGI) Exchange: NMS Close as of week ending 5/20/05
Opinion LONG Opinion Date 05/23/05 Opinion Price 1.96 Score 0 C-Rate 0.0 UPGRADED
Stock is a Buy.
Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend. Chart pattern indicates a Strong Upward Trend. Relative Strength is Bullish. Up/Down volume pattern indicates that the stock is under Accumulation. The 50 day Moving Average is rising which is Bullish. The 200 day Moving Average is rising which is Bullish. Look for Support at 1.77 Watch for resistance at 1.99
Week's Activity (Close as of week ending 5/20/05)
Week Close 1.96 Week Change 0.24 Week Open 1.72 Week High 2.00 Week Low 1.71
Yr. High 3.00 Yr. Low 1.14 MO Chg.(%) 3.7 Resistance 1.99 Support 1.77 SELL STOP 1.16 Volatility(%) 4
Moving Average Analysis
Type Price % Slope 10 Day 1.81 108.0 UP 21 Day 1.81 108.0 UP 50 Day 1.94 101.0 UP 200 Day 1.73 113.0 UP
Ave Daily Volume (00) 48763 MO Chg.(%) -24.5 U/D Ratio 0.9 U/D Direction UP
Market Edge & Second Opinion are neither offers to sell nor solicitations of offers to buy any security. Company profile, estimates and financials provided by Standard & Poor's See User Agreement for other disclaimers. Market Edge� and Second Opinion� are registered trademarks of Computrade Systems, Inc. � 2005 Computrade Systems, Inc.
I used to look at Fabonacci and now find trendlines very good. Since I know about the wave theory a little bit, give the folks a target price. Should be easy with the luck you've had. My regards to you and yes, a lot of work. The fundamentals are more work and they deserve a hand also. Hats off to all and good luck.