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: JScurci who wrote (9525)	6/10/1999 4:20:00 PM
From: Nelson Chang	Read Replies (1) of 19700

Regardless of this guy's position, there is some truth to this. Anyone who knows anything about net stocks, knows that there is great anticipation for earnings. Especially CMGI, one the most heavily held net stocks by fund managers. In this environment, because of higher interest rates where fixed income is looking better and better, and stocks especially those w/ high valuations are looking riskier and riskier, people are looking for a reason to justify holding stocks or letting go of positions. Notice I didn't say adding to positions. ...not to mention, net stocks are just sucking lately. >>>I'd expect a solid sell-off after today's earnings (or lack thereof). The current higher rate environment is decidedly unfriendly to all these ultra-high valuation story stocks, and 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. This will trigger postponed selling regardless of tonight's meaningless earnings report. regards, John <<<

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