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Technology Stocks : CMGI What is the latest news on this stock?
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To: surfinSteve who wrote (580)6/12/1998 7:49:00 PM
From: Doug (Htfd,CT)   of 19700
 
What is it that they say about "Buy on the rumor, sell on the news"?

I wonder if CMGI will get as much support after the fund window-dressing period ends in a couple of weeks.

I continue to watch the similarities between CMGI's behavior now and its behavior in December 1995. Look at a five-year chart at quote.yahoo.com note the volume spike in Nov-Dec 1995 and Apr-Jun 1998 and CMGI's past history and tell me I'm crazy.

A great company that has become quite expensive due to market enthusiasm in the last 18 months, which I expect to be much less expensive in the next 18. I'd be buying again under $20.

Doug (sold out of CMGI at average 400% gain in 13 months after buying below MSFT's price of $7.25, split adjusted, in 1996.)

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