Wednesday, May 2, 2007

CMGI Looking Good Here

CMGI is one that has been on my watch list. For a nice chart of the issue, check out Downtown Trader.

Today CMGI looks like it is breaking out on volume.

3 comments:

brent said...

DCLK bought out. TFSM strong. Looks like a good trade Wood.

CNL said...

CMGI looks strong?? Thats a clear bearish decending triangle...isnt it? IMAX support held at the 200 DMA.

Woodshedder said...

Triangle patterns typically presage continuations of the primary trend, which in the case of CMGI, is up.

Did IMAX fall after we talked about shorting it, or did it just reach that 5.50 level? I deleted the emails.