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Technically it is time to buy CMGI

By David Randolph · May 30, 2005 · 1 min read · 450 views

CMGI, Inc. (CMGI). The Group's principal activity is to provide industry-leading global supply chain management services and marketing distribution solutions.

Some days ago I tried to buy CMGI, but I asked for the stock to cross the $2 resistance. Back then it couldn't do that. But now the train is moving and now is the right time to jump in and buy CMGI:

I don't like the technical picture of the Nasdaq as a whole (VXN is at an all time low - dangerous), but that doesn't mean anything for CMGI in the short term.

I just hope it doesn't open gap up - if that happens I won't buy. Lower open and higher close is what we want.

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Technically it is time to buy CMGI

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