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Technology Stocks : CMGI What is the latest news on this stock?
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To: AmericanVoter who wrote (12350)8/5/1999 12:37:00 AM
From: bargainman  Read Replies (1) of 19700
 
Amein -- We might see a small bump up, sort of like a rock skipping on the surface of water before it sinks. Our beautiful CMGI is being hit by a tidal wave that has nothing to do with the fundamentals of the stock, except to the extent that internets can't compete with the so-called "value" stocks and cyclicals which now draw the herd. You can't fight the market. It goes the way it goes and no amount of wishful thinking can make it otherwise. There's nothing wrong with CMGI that isn't wrong with every other big internet name. I'm still a buyer at 73 and will use money from shares I sold at 125 to increase my position substantially. The next several weeks will be rough with bond yields sucking out what little bouyancy remains in the market. Another .25 nip by the Fed and we'll see how things stabilize. Best wishes.
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