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Technology Stocks : CMGI What is the latest news on this stock?
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To: Frank Ellis Morris who wrote (12072)7/23/1999 12:50:00 AM
From: Brian Malloy  Read Replies (1) of 19700
 
Frank,

Don't worry about it. It's all a mind game.
The reality?
- One highly elevated data point in April that appears to be an outlier.
- Greenspan simply stated an ECON 101 principle. If things heat up and the economy is running too fast then the Fed tightens. He didn't say he would tighten...the fact that many interpret this to mean he is going to derail the economy indicates that too many people listen to talking heads on TV and run with sound bites instead of doing their own analysis.

You have been in the market a long time and know that July-October can deliver some pretty wicked downside moves. Taking profits into strength, reducing margin if used and hedging ones portfolio this time of the year is the strategy to additional profits as well as preservation of capital.

Regards
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