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Technology Stocks : CMGI What is the latest news on this stock?
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To: Raymond who wrote (17296)3/16/2000 6:32:00 PM
From: Mark Peterson CPA  Read Replies (2) of 19700
 
Raymond, earlier today, there were just more sellers than buyers. Later in the day, there were more buyers than sellers. It's as simple as that.

I think what has given people pause for thinking is that there are more than few Inet companies who will likely run out of money some time this year because their business model is built around profitability sometime in the year, say, 2005. Just too far out there and it gives people the willies, especially during overall market swings like we've enjoyed (?) the last few weeks.

Somewhere in the corner of every brain, the thought has passed that it takes a 100% run-up in the price of a stock to recover the 50% that you lost on a sell-off.

But if your basis is low enough just keep the stock and forget about it for a few years. I just don't see CMGI hittin' a wall of its own anytime soon.

Mark
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