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Technology Stocks : CMGI What is the latest news on this stock?
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To: KW Wingman who wrote (7473)4/23/1999 4:26:00 AM
From: PAL   of 19700
 
You are quite right that everyday we see a company touting itself as the next CMGI. Afterall, they can just claim that their main business is finding and financing upstart companies.

Asian countries are getting back to their feet, and ZSUN is trying to capitalize it by promoting itself as the next CMGI with Asian connection. I received their investor package. I did not speculative (invest would be the wrong word) in that company because it is overhyped. The brochure is glossy with rosy pictures. The glossier the paper, the less chances that there is a good future.

When a company says that the projected revenues are so and so million dollars in year 99/00/01 etc BASED ON the projected market on so many billions, I stay away from that. I might miss many of them, it is OK, I just need one or two. I would rather pay $ 15/share and it will go to $ 30 when the market discovers the company, than paying $ 2/share in its infancy and lose it all.

I don't know the future of RRRR. I might not hold it for a long time. Just follow the trend. Right now just ride the wave. When it turns south, hey, I am rushing to the exit door as fast as I could, and use the profit to buy more CMGI, a keeper. BTW I did not buy CMGI at bottom price, yet I am happy with the stock.

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