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Technology Stocks : CMGI What is the latest news on this stock?
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To: AmericanVoter who wrote (12186)7/29/1999 11:16:00 AM
From: James Thompson  Read Replies (1) of 19700
 
Amein - trade secret. Actually, the CMGi web site. If you look at the page for each CMGi holding, it tells whether it is either a minority investment, majority affiliate, or in many cases gives the percentage held.

All but one of the @Ventures investments are minority investments, and as a result, I would not look for their offering through a DSP.

On another note, three days ago a guest on CNBC mentioned that tech/net stocks had come down far enough for the time being and that for the next two days prices were going to bounce back up. After that, he predicted another sell off to an even lower position. I think he said something like, "We will drive them down even further." Talk about advertising in advance that the market would be manipulated up -- to generate buying -- and then tanked.

As he predicted, it tanked today. DOW down 193 and NASDAQ down 59 as I peck away here at this awful laptop keyboard. Today they are blaming it on pressure from the labor sector which is the sector AG is closely watching.

We all know that the Y2K issue would affect the market later in the year, but today another guest offered his opinion that Y2K was going to play a factor in lengthening this sell off.

In summary, we have already seen the Summer rally (where??), the and Fall will be very questionable. IMHO I don't see any demonstrable market strength until after the Y2K issue is resolved on and after January 1.

Best wishes

Jim
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