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Technology Stocks : CMGI What is the latest news on this stock?
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To: Rene Madsen who wrote (10077)6/14/1999 9:59:00 PM
From: Andeveron  Read Replies (3) of 19700
 
>> The problem is that earnings are irrelevant for CMGI.
>> To produce earning they need to sell stock - it's simply
>> the only way of producing income for this company. With
>> prices being as low as they are OF COURSE they are not
>> selling. Problem is those idiots who go out and sell
>> because of this. People who don't have a clue.

The prices of CMGI's holdings can easily run lower in this market. When and if this happens, CMGI's value will be destroyed. Simple. There is no guarantee that CMGI's holdings will increase in value and the market is selling on this perception. So, the sellers are not "idiots" without clues. Perhaps net stocks saw their last hurrah in April.

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