There is plenty of evidence to support your point regarding shorting cmgi.I have one question though.Did you see at the end of the day yesterday.CMGI was at 69 3/4---then someone sold a huge bloc at 68--I assume because the stock dumped to 68 and then was pulled right up to 69 3/4.I say that was smart money selling into strength. We are close to the end with this market.The fundamentals are breaking down.The divergences between Dow 30---and Russel 2000 stocks is immense.If i held this stock i would buy out of the money puts at 60 a share to lock-in profits and protect asset value.A lot of you have alot to lose.Cheap protection. Also this recent announcement of Hollywood/Reel Com deal is just another death by publicity release strategy by cmgi and their advertising people.the stock is up over 1000% this year,all that is priced into the stock and then some. I just wouldn't want any young investor to see a market correction with an internet stock in his/her portfolio with out a 1 for 1 put contract protection. I give this market 2 weeks or less. Good Luck
up slowing. it is under accumulation. all buyers know that geocities will blow off the roof, so will cmgi. at this level, it is a damn bargain price. steve harmon is a conservative guy, even put cmgi = 100. can't beleive short sellers short this baby at this level..will burn your ass very hard
to billsux? It is unfortunate that a new brain cannot be purchased! You are out of luck! Oh well, no skin off my back! Cover your shorts this morning. Strap on your helmet, buckle your seat belt and enjoy the ride!