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Technology Stocks : CMGI What is the latest news on this stock?

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To: stockman_scott who wrote (9936)6/12/1999 12:28:00 PM
From: bobby beara  Read Replies (2) of 19700
 
>>>horizon for investing is a LONG one<<<

He may need it, I fully expect a bear market in these stocks that will last one or more years, because of the size of this condition of excess and the public adoration for these stocks.

Long term investors understand that fundamentals always rule in the long run and it will take years for these stocks to measure up fundamentally to these prices.

It was a mania until Wall St. started endorsing these stocks, now that it is no longer a mania, these companies will have to put up or shut up and thats why Amazon and Yahoo have such troubled charts.

During this bear market the cream will rise to the top and only God knows if cmgi will be cookies for bears or cream.

bb
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