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: seaweed who wrote (10197)	6/15/1999 11:31:00 PM
From: Vitas	Read Replies (1) of 19700

The word "craze" or bubble refers not to the merit of the underlying business, but to the public en masse bidding the prices of the stocks involved beyond rationality. This is especially dangerous when they do it on margin or otherwise borrow. Unlike previous bubbles, credit cards are probably being used for this purpose. You can see the phenomenon in the parabolic rise and the subsequent decline from the peak so far. The businesses involved in the previous bubbles went on to succeed; it just took quite a few years until their actual earnings performance caught up to the prices of their stocks. If the company was strong enough to survive. This is not the first time this has happened, and it surely will not be the last. For more on bubbles: decisionpoint.com Vitas

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