Remember CMGI?

Remember CMGI?

Tim Knight  | Oct 12, 2017 01:43PM ET

CMGI was insanely powerful during the first internet bubble. It was the poster child of the dot-com boom.

As the bubble burst, investors began to refer to CMGI as the 'can’t make good investments' stock, which undid most of its multi-thousand percent gains.

What Happened?

CMGI is now known as ModusLink Global Solutions (NASDAQ:MLNK) – no idea what that means – and here’s its chart:

ModusLink Global Solutions (formerly CMGI)

Pretty extraordinary, isn’t it? Incidentally, for all of you who are gaga about stocks that make news-highs, this is what CMGI looked like during the first phase of its life. You've been warned.

Early (CMGI) ModusLink Global Solutions

Tim Knight

Related Articles

Latest comments

Add a Comment
Please wait a minute before you try to comment again.

Entire DJIA SPX NQ monthly chart pattern since 2009 looks like the same pattern as CMGI's first phase  ... (Read More)

Oct 12, 2017 06:06PM GMT· 1 · Reply
Write a reply...
Please wait a minute before you try to comment again.

Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in cryptocurrencies carries with it potential risks. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Cryptocurrencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or cryptocurrencies you should carefully consider your investment objectives, level of experience, and risk appetite.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and cryptocurrencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (UK) English (India) English (Canada) English (Australia) English (South Africa) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 中文 香港 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt
Sign out
Are you sure you want to sign out?
Saving Changes