CMGI has been notching up good gains after the earnings annoucement late February. It has been going up on high volume. Pullbacks have been few and generally on lighter volume. More importantly, it has a good fundamental story to tell. Has strong cashflow & sports sales to PE ratio that is more suitable to a utility company not one that invests in technology stocks. While all this is happening the mainstream media is ignoring it.
The target is based on resistance in the area of $2.85 and $3. Could go higher.
$86.4 (03/23/07)
