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Technology Stocks : CMGI What is the latest news on this stock?
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To: JScurci who wrote (9525)6/10/1999 2:24:00 PM
From: Scarecrow  Read Replies (2) of 19700
 
Scurvy --

Enjoying that 10,000 share short position, still? Your post is patently and pathetically transparent in its agenda. Go ahead, bogeyman. Scream "Fire" in the theater. No one's listening.

The current higher rate environment is decidedly unfriendly to all
these ultra-high valuation story stocks
a) Higher rate is already priced in. I agree with others who've noted that removing the uncertainty will be a relief. A rally? Maybe, but certainly no tankage on a 1/4 hike.
b) "These ultra-high valuation story stocks"? CMGI "ultra-high"? Gimme a break. Its valuation is far lower than most. Don't paint CMGI with the KOOP/EGRP/AMZN tar-brush. That's where you don't get it. You see "Internet" and think it's all the same. Didn't they teach you to differentiate wheat and chaff when you were at Yale?

I suspect that many trapped bulls have vainly held off from selling in hopes that earnings season would bail them out of their foolish, fadish investment choices.
Foolish? Fadish (is that even a word?)? <smirk> Yeah, that Internet -- just a fad. It'll never last. PCs? just a yuppie toy. Cars? who needs 'em? Telephones? just a trendy plaything with no real value. Trains? Who wants to dig all that coal? My foolish, fadish investment has made me six-figure money. I wish you could save me from that. I'm sure if you had it your way, we'd all be enjoying passbook-like returns (at least they're, you know, SENSIBLE investments).

Seems to me the only foolish investment you mention is the 10K short position you've swallowed.
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