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

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To: Jenne who wrote (11492)7/6/1999 11:28:00 PM
From: Mark Peterson CPA   of 19700
 
OT

The problem with Yahoo is that its earnings are relatively easy to manipulate. And no one cares.

I don't have a reportable position with Yahoo. But if I did and was concerned about earnings, I wouldn't think twice about buying $8M of advertising, just to support the price of the stock and beat the whisper number. I could make that back in 30 days or less, selling or hedging into it. Small price to pay....

There are games, within games and for the most part, we're too small to play. But that doesn't mean we don't know about the real way the markets function.

Best regards and good investing,

Mark A. Peterson
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