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Technology Stocks : CMGI What is the latest news on this stock?
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To: Richie who wrote (14464)12/1/1999 9:43:00 PM
From: bargainman  Read Replies (3) of 19700
 
Richie -- At 170 CMGI eclipsed the high set in April of 165 1/2 presplit. The April high represented the high point of a run than began in early November, 1998, when CMGI was sitting at around 10. While it may not be as dramatic as that, we will likely see a good runup between now and April of next year. You have the growing recognition on The Street that CMGI is a major internet player and a good long-term bet, plus the three IPOs that will be set for January, February and March, with the March IPO being none other than the new, bulked up Alta Vista. Try to relax. It is hard for even experienced players to time a stock, let alone novices. Hang on at least through the Alta Vista IPO and I think you'll be glad you did.
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