Posted on 03/15/2005 7:42:28 AM PST by MeneMeneTekelUpharsin
Cramer put out something about 2 hours ago and man, CMGI took off like a shot.
Actually, the chart is not accurate. At the time of this posting, it had hit 2.22 already. Volume topping 31 million shares. Wow.
Im a Stock market guy so I ask...What makes this breaking news? Did it just fatten up your wallet and we all needed to know?
You don't get new Shorts under $5 per share, per Exchange rules, so CMGI "Shorts," if any, have been Short since CMGI was above $5 per share, which means that they won't get "squeezed" unless or until the stock goes back up above $5, if ever.
I am NOT a stock market guy (my mistake)
Neither is he or he wouldn't be using a YHOO chart. ;)
No, it didn't. This is a pretty big story in the financial markets. It has traded 32 million shares already in 1.5 hours of trading with a 20% plus increase. I could only wish it had fattened my wallet. You need to be careful about your responses and not become overly reactive or acid. Not a wise proposition...
I have seldom seen so many clueless individuals post on this forum. It sure has changed. What I am, I generally don't tell everyone. Or, what I do tell, is measured. :-O
What the hell is that supposed to mean?? Some sort of veiled threat for making light of your "news"? *snort*
I have seldom seen so many clueless individuals post on this forum.
hahahaha
Gave my wife a full ride scholarship through college.
1. It is a massive jump in volume and price in a stock.
2. It hasn't hit the MSM media yet, so FR gets a scoop.
3. You'll notice (if you research) that I almost NEVER post ANYTHING in breaking news. I thought this was breaking news, so I posted it there. Next question?
I'll admit to being clueless...what is CMGI and who is Cramer?
A good question.
Definitely a slow learner. You need to back off. I never threaten anyone.
Your scoop is a little late. This hit Briefing as a gap up at 9:14 eastern time.
09:14 ET Gapping Up : Gapping up on strong earnings/guidance: PDLI +4.9% (also Smith Barney upgrade), ABIX +15%, IOTN +10%, SONS +3.9%, CMVT +2.1%, LEH +2%, RCL +2%... Other News: DNA +4.8% (positive Avastin news; Piper upgrade; Jefferies upgrade; tgt raised to $100 at CSFB), MDKI +49% (to merge with DCAI), TIVO +26% (Tivo and Comcast are discussing a partnership - WSJ), VIAC +7.3% (co and Genzyme announce collaboration agreement), CTIC +6.4%, ZOLL +5.6% (Piper upgrade), L +4.1% (to spin-off Ascent Media and Discovery), ORCT +3.9% (extends yesterday's 10% move), ONXX +3.3% (up on Avastin news; Lehman upgrade), PIXR +2.5% (new Disney CEO may mend fences; release of Incredibles on DVD today).... Under $3: CLTK +34% (to sell assets to Mimix), REDI +13% (signs 20 customers), GNTA +12% (leukemia drug gets orphan drug status), CMGI +11%, CIEN +2.6% (Smith Barney upgrade).
Way to go. At least some did the right thing. Cramer put out something this a.m. and the thing went wild. Thought it might be of interest to financially-oriented individuals. I am appalled at the number of imbecilic posters who have come to roost at FR. We didn't used to have that much of a problem. If someone had a disagreement, they argued it logically. Now, the posts begin with sarcasm, etc. Sad.
Now you're speaking logically. Thanks for the info. Volume now at 39+ million shares. Interesting development, to say the least.
My son has the poster in his room of "the Kramer portrait" and when I was reading the thread, that's what kept coming to mind.
I am appalled at the number of imbecilic posters who have come to roost at FR
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.