Stockdoc,
You have a vaild point.
However, take a look at why you invested in CMGI. This is a great company to hold for the long run.....short term gyrations mean very little. Take solice in the fact that you own a fundamentally sound company in a market that will appreciate greatly.
Another thing to look at. Yesterday aside...is CMGI a good buy today ? I think the answer is yes. In fact, I think CMGI is one of the most undervalued plays out there. When it does move....look out above.
You mention..."while other internet stocks go higher"....yea, but you still cant look at it like that. You must go back to the question - is cmgi a good buy today? You can't worry whether the store next door sells a better pizza...make the best pizza you can and let the chips fall where they may. But if you must look at what others do...I remember when the inuts corrected. I was (still am !!) heavy in AOL. I thought about buying some EBAY and AMZN for the long term portfolio. I felt deeep down that over the long haul AOL is a far superior company and investement. With all 3 around $80, I felt even though I own aol, I should buy more rather then amzn or ebay...simply because I felt it was a better buy. Well, Ebay and AMZN rebounded...in a big, big hurry. Both ran right to $140 and above. AOL did nothing. I questioned my strategy, but still felt the short term ment nothing, and the long term will tell the picture. Ha...it didn't even take long...a month or 2 later, AOL not only caught up, but is now blowing right past both EBAY and AMZN, and my guess is AOL will continue to outperform both. A 2 for 1 next week...news of deal with wall mart...possible deal with athm. The numbers show an awesome company at work....So again, we must look at the company...the fundamental reason you own a company. CMGI, IMHO is a must own...at this price, it's a no brainer. It owns stakes in many, many succesful enterprises and will continue to own stakes in more and more companies. Eventually, CMGI will move accordingly.
JMHOOC
Good Luck KG |
