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Technology Stocks : CMGI What is the latest news on this stock?
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To: PAL who wrote (12336)8/4/1999 1:04:00 PM
From: bargainman  Read Replies (1) of 19700
 
CMGI is both unique and vulnerable to market sentiment. As PAL notes, it is not just an internet stock, but the sum of many other internet stocks. When the sector suffers as a whole, the effect on CMGI is going to be magnified. Contrary to a previous poster's crude observation, CMGI is not a "piece of shit." At least no more than any other internet stock caught in this maelstrom. We are now at half of our 52 week high. But so are AOL, YHOO, GNET, LCOS and virtually any of the major internets. We must be realistic. We benefitted from a genuine speculative bubble early in the year that fed on itself and created even more unrealistic expectations. Now that we are coming down to earth we can deal with the fundamentals in a less breathless way. I see a great future for CMGI and its more patient shareholders. Those who got in looking for a quick buck have impaled themselves on their own swords. Pigs get fat. Hogs get slaughtered.
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