LastShadow's Position Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LastShadow's Position Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: AlienTech who wrote (20883)	8/27/1999 6:33:00 PM
From: LastShadow	Read Replies (1) of 43080

WOWS and CMGI - both ends of ther price spectrum... WOWStores.com (WOWS) acquires Stockfirst.com stockfirst.com now, WOWS is a penny stock worth only about 19 cents a share, (and I have a few shares) but I am not sure what this will do to the stock price. Blood on the Internet Streets (CMGI) Special situations investor Jonathan Steinberg invokes the age-old investing adage: "buy when there is blood on the street." Today's carnage is in the Internet sector, he says, and one of his favorite blood-stained picks is CMGI (CMGI). Stock in the Internet investing firm has dropped 36% in the past month and is off more than 50% from its 52-week high. But Steinberg agrees with a number of analysts who say that CMGI's recent decline does not indicate problems with the company's fundamentals. Instead, they blame investors frightened by interest rate hikes and a soft IPO market. Management sees no sign of a slowdown. Navisite's IPO should take place in September as planned (CMGI owns the majority of the web hosting service), and Adsmart's advertising network chalked up a 4,000% gain in ad impressions over the past six months. Steinberg predicts that Navisite and Adsmart will "put a sparkle back into CMGI stock." Steinberg advises investors to fight the urge to follow the crowd. "In the case of CMGI, investors should realize that there is no fundamental change in the investment premise. CMGI still remains by far one of the savviest investors in the Internet sector," he says. "We believe that now is the time to step in." lastshadow

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next