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Technology Stocks : CMGI What is the latest news on this stock?
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To: playavermont who wrote (10098)6/14/1999 7:18:00 PM
From: LarryCPA  Read Replies (2) of 19700
 
The market tends to over react in both directions down just happens to be steeper, and re might not yet be out of the woods

In 2 days E-bay was down almost 40 points because it lost 5Million in revenue!!! Talk about about a change in market cap.

If a 22 hour outage equals 5million in revenue that annualizes out to 1Billion per year. Not bad for a start up! All of the I-nets were probably over valued at some time,, but they will shgortly be undervalued. Watch for the big boys to bail then jump in and wait.
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