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Technology Stocks : CMGI What is the latest news on this stock?
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To: James Thompson who wrote (15933)1/22/2000 10:10:00 PM
From: JavaGuy  Read Replies (1) of 19700
 
Jim,

You stated my own thoughts on the subject much better than I.
You are correct that there will be a huge drop someday and others to follow. But I can't time the market, the last few years have proved that to me. I full expect to see 50%+ of my portfolio vanish in a matter of hours or days. I've seen many of my individual stocks do just that several times.

Imagine the opportunity cost of not investing over the last 5 years (hell, 2 years) had this fear ruled your life. It is part of the game. When the big corrections do happen, a lot of cash will be raised. I believe as you do, that eventually this cash comes back to the greatest (tech) stocks because that is where the dynamic growth is.
I am 31, should I just cash out and buy CD's? Nah, I'll just ride out the storms and strengthen my iron gut.

-JG
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