CMGI DSP Programs Message Board

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Technology Stocks : CMGI DSP Programs

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To: James Thompson who wrote ()	12/20/1999 8:32:00 AM
From: James Thompson	of 178

Flipping CMGI DSP-related shares. The rules of the DSP are always subject to change. With that in mind, there was no penalty for flipping shares of ENGA or NAVI if they were purchases through the DSP. On the other hand, if the shares were purchased through Wit Capital, but outside of the DSP, the 60-day penalty imposed by Wit Capital would apply. The 60-day rule provides that if you sell your shares within 60-days of the pricing date, you will be placed at the bottom of the priority list and will most likely not receive shares of any other non-DSP IPO during that period. Again, the rule does not apply to a DSP allocation. CMGI's philosophy has been that you should have complete control over your own investments. While flipping ENGA or NAVI within the first few days would have brought quick cash, both have traded at levels well above their highs of the first week of trading. Jim

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