<<No one was trying to stir any pot! This morning on CNBC as analyst from Thompson discussed insider trading and put great emphasis on the recent insider trading on CMGI. Within minutes, on Instinet (before the bell), CMGI was down 2+ and continued down when the NYSE opened. I consider that report was the reason for the decline in CMGI today.
For anyone who is interested, here is the insider trading from the Yahoo! board:>>
Ya know, I too sell stock in companies I love and plan to hold for the long term. It is perfectly normal...what seems to be the big deal?? When a stock performs wonderfuly it is perfectly prudent to take some shares off the table. One day, stock abcd is worth $50,000 and you have 500 shares. The next year, all of a sudden after 2 splits and a nice run, you have 2000 shares and $400,000. Now, it comprises a much larger PERCENTAGE of your portfolio then it did before. It is perfectly normal...and wise, to sell some shares, lock in some profit, rebalance the portfolio and buy something else you have had your eye on. Or maybe you want to build a new home, buy a new ferarri, send the 4 kids to college, start a new business, expand your business and etc, etc.....Regardless, this is a perfectly normal thing for me, you and every CEO in America to be doing.
Now, if the story was changing...if the individual story was the reason for the sale, then that is different all together. However, CMGI has never looked better. It is coming off a huge run, great numbers, an exciting foray into the future and etc, etc...
Anybody in this stock should know to expect short term volatility, rumors, shorts, and etc, etc....Bottom line is the future looks great and I have no worries with cmgi. They have their eggs in so many baskets they only need a small perecntage to well and they will do well. If most suceed, then cmgi will be a monster.
Great day to all |
