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

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To: LOGAN12 who wrote (12165)7/28/1999 11:55:00 AM
From: bargainman  Read Replies (1) of 19700
 
LOGAN12/Linda .... nothing has changed with respect to the CMGI story. It remains positive. No upgrades or downgrades or, for that matter, new coverage. As you have no doubt noticed, the overall market has been hit with rounds of profit taking and uncertainty over interest rates and Greenspanesque questions about sustainability of growth. The internet sector as a whole has been undergoing a retrace toward valuations that we probably would have to admit are more realistic. But the upside potential remains huge. The post you are responding to had to do with one particularly unhappy investor who bought high and then shot himself in the foot by selling at a loss and then decided that it was everybody else's fault but his. The thread has otherwise not been assailed by the shorts.
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