nasdaq looks like it may close in the red...... This could be it....the huge run followed by this downward trend leading into a selloff could have marked the top
CMGI = retards AltaVista= dead You must be kidding. We have 3rd graders here today? Ok, here's some milk and cookies for ya. Now be quiet.
Yes I obviously was kidding. It was a joke. Didn't you get it? That's why I included the link in case some newbies here aren't familiar with CMGI. In case anyone isn't it was perhaps the poster child stock of the internet bubble. They kept announcing stock splits every few months since they knew this would drive up the price. Of course sooner or later this game ends and it's not a pretty sight.
Thanks for bringing up CMGI. One of my worst trades, at the time I was thinking, it keeps getting cheaper what a deal!! Man, do you have to remind me of 2001. That's like reminding me that I wore Bell Bottoms and thought Sean Cassidy was cool. OUCH!
Yeah, me too as far as thinking it was a "bargain" on the way down. Think it got up to 165 and is now just over $1. Of course in those days. or at least for a few years, if you bought the pullbacks you made great money. But then there was the ultimate pullback/bubble burst. I remember seeing Laslo Berrini on CNBC and he was telling Ron Insana that they made a lot of money trading CMGI but he said if they had just held it they would have made even more. They used the money they made from (I think was a 33% share of) GeoCities to buy AltaVista. Back in the day.