CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: Joe Griffin who wrote (5043)	3/1/1999 9:20:00 PM
From: Scarecrow	Read Replies (1) of 19700

Joe, If you're a regular reader of this thread, you'll recall that I am long CMGI since last September when I scooped up shares at $20 (split adjusted). The guy who shorted this (and lost his shirt) was TokyoD'OH! last December. He pounded the table for shorting it the same morning that it broke out -- I forget -- like $70 up, or something like that. Me? I wouldn't short this thing -- like standing in front of a 80 mph steam locomotive while armed with a polite "Stop" sign... I like to post the short interest, however, because it's unusually good insight into investor sentiment -- hard data that's free from bias. My read on the numbers is that most are agreeing with you and I after getting KILLED in Dec/Jan... We sent Tokyo a lovely thank- you note for that one! Good luck, stay long, ignore volatility, shoot hypesters (both long and short), and enjoy the ride. Best, Scarecrow

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