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

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Solomon
Solomon

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
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