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Technology Stocks : CMGI What is the latest news on this stock?
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To: bobby beara who wrote (9942)6/12/1999 2:55:00 PM
From: LarryCPA  Read Replies (4) of 19700
 
I think that traders and long-terms can coexist. Each differs on time horizon. A trader can have a long term bullish stance yet look for a short term correction. That si a style that fits some peoples personality, tax situation and goals. Others would rather "wait out" the dips and check the return over a longer horizon. The ease of access to information and boards like this one have, IMHO, over emphazied the short term returns, and the horizon for some buy and holders has dropped dramatically. Ten years ago, I would look up a handful of quotes in the newspaper, for the rest I would wait until I got my monthly statements. I find that now at least daily I am checking every stock that I won. It takes a great deal of control on my part to not get carried away by the short term movement and concerntrate on long term goals. (My cost in CMGI is 2, if I had not taken profits I would have 4x the position that I have today)

Another factor to look at is risk aversion. How much of a loss are you willing to take? If your loss % is under 20 then IMHO high beta stocks like CMGI are not appropriate unless you are a savvy short term trader. Market corrections can easliy reach 20% and with a beta of over 2 CMGI can correct itself by 50% and yeat recover. It has done it several times but it is nervewracking.

Finally the last factor that I think is important to holders of CMGI is diversification. The same way DW has a large stable of investments in case he is wrong about some of them, so should we.
It helps with the volitility and helps control the overall downside during a correction.

Also remember that if there were no differences in opinion no stock would trade!!!! Love ther person with the opposite opinion. He or she is filling YOUR order. Hopefully both sides will profit.

JMHO

Larry
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