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Technology Stocks : CMGI What is the latest news on this stock?
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To: Candle stick who wrote (9732)6/13/1999 1:37:00 AM
From: Dr. Jeff  Read Replies (1) of 19700
 
Hey Candle Stick,
Remember this old post of yours?

Message 406864

You must be caught long in CMGI.
Basically, everything you said in the post I've linked here applies to the entire INTERNET SECTOR! ****IT'S ALL ONE BIG PONZI!!!*** As far as your argument that CMGI could have had more earnings if they had sold more of their holdings; fact is, THEY COULDN'T SELL THEM! If they had unloaded more stock onto an already vulnerable (oversupplied) market, the downside would be even worse than it's been. Your psychology on this one is exactly what they want people to think, but it's faulty. Think about the other side like I know you can. The downside is going to be much more severe as you'll soon find out. Perhaps you'll feel the sting the BOSTQ shareholders know so well.

<<To: Dave Jones (14 ) BOSTON MARKET
From: Candle stick
Thursday, Oct 31 1996 8:32PM ET
Reply # 15 of 1508

To all Boston Chicken lovers; BEWARE! This is a Ponzi scheme-BOST has no
earnings from continuing operations and slipping same store sales. Thier accounting
methods are questionable and the only cash they generate is from interest on loans made
to the franchisees by the parent company. The only way the company can survive is to
get more franchisees!!!! Like a chain letter they must continually grow, so that they can
continue to LEND MONEY to make income from interest. The store operations are
LOSERS as any store manager will tell you. Business Week magazine ran a huge and
thorough article on Boston Chicken just 2 weeks ago citing all these creative accounting
methods and unique structuring of the company so that they do not have to show same
store sales numbers like everyone else. When the word gets around enough and when
the expansion slows a bit this house of cards will collapse. And I'm not talking a 10 %
correction. I mean a move to 5 dollars!!! Yes, maybe even bankruptcy! This is one of
the biggest short position in the market. Top ten I believe. It has been my experience
that the majority of short sellers are professional traders who,on balance, always come
out ahead. They have done thier due diligence homework an have built a massive short
position. Now they are putting the facts out in the light of day for all to see. And wow,
when the sun rises BOST will be ALOT LOWER. Take your profits while you still can.
I am a chartist by trade and I see the top forming NOW. You still have a few days but
when the downside momentum starts it will be a stampede for the door, I promise you
this. 25 is an easy move down in the next month, and with any more bad press alot
lower than that can be seen in the next couple of quarters. Take heed and be careful
with holding BOST. >>>

P.S. It's spelled THEIR (not thier).



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