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.
How is this not participating in the Nas rally?
"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.
CMGI is recovering faster than I expected.
:0 oh yeah!
How is this not participating in the Nas ral
pottrpbob.....big deal if you bought at 3.5 and sold at 6.50 then you are a hero..a lot more people bought this thing when it was near 160....fortunately i didnt....i bought this last week at 7. where it goes fom 7 is my concern. i can careless what it has done from 3.50. i do not own any at that price. cmgi participated much more in the downfall of the nasdaq than it is now....this thing needs to break out.....what happens if the nas retraces 300-400 points. where will cmgi be. back at 4-5 dollars
I'm surprised CMGI hasn't moved up a lot more and a lot sooner. It is lagging the other incubators even though CMGI is no longer a pure incubator play.
Anyway, I doubt that you are long; And if you are you probably have written covered calls and are in danger of having your stock called away from you which would tickle me pink.
long....the reason why i am fussy is because i went long on a company called avci also from mass. i was long with them at 138....decided to make a switch over to cmgi....i had a little over 1000 shares with avci but traded them for 4500 shares of cmgi in hopes that cmgi can regain its form of the past with this restructuring process.......
After the crash of internet bubbles, all should be gone were gone.
The survivors like CMGI, YHOO, AOL.... will shine once again, since everyone knows internet will be the future.
CMGI has more problems than Yahoo and AOL because it has a large plan of venture and it takes time to show success. I was pessimistic in year 2000 but now with the turn-around market sentiment, people are looking for badly hammered stocks like CMGI to gain back the huge money they lost in 2000.
I'm consistent with what I've said that with the current price level, CMGI is a gem to hold long term.
YO CURRANDOG....hasnt participated?..IT WENT FROM 3.5 TO 8 AND CHANGE LAST WEEK..NOW PUSHIN 7 ,,THATS NOT PARTICIPATION?it doubled and then some...what more would you want right now?
got in at 7 last week.....so i am back to where i started..i realize that it went from 3.5 to 7...that is great but lets look at the big picture....this stock went from 163 to 3...
and 3.50 to 7....is not quite as impressive....lets send this thing back to the moon...got 4500 shares.....would love to see 100 someday again.....223 is my majic number...this will officialy make me a millionaire.....