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Technology Stocks : CMGI What is the latest news on this stock?
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To: James Thompson who wrote (17759)4/18/2000 7:49:00 AM
From: IngotWeTrust  Read Replies (1) of 19700
 
May I offer comments as well, James? Inanities like "IPO market drying up" irritate the bejeebers outta me.

Whenever I hear that kind of comment, my first reaction is "NOT!" And my second is: "Dried up as compared to what?" It is as if the talking heads are promulgating the belief that the capital markets are now closed to funding new ideas,--good or bad. That is an absolutely ridiculous premise.

While I would have liked for tulipmania to continue and ALTA to go public at $300 per share, the fact that it hasn't shows DW savvy and sensitivity to market timing. But if ANY of us shareholders truly think DW is sitting around wringing his hands when it is only strike one in the top of the first inning and DW hasn't even come up to bat yet for the CMGI home(run) team, then we shouldn't be in this stock, agreed?

RE: DW posting positive earnings...I hope he posts REALISTIC earnings, be they positive or negative. Since I believe DW has the gumption to do what's right long term for the shareholders he's been soooo good to so far, I certainly hope he has the gumption to KEEP ON KEEPING ON, and resist the urge to issue "positive earnings orders" to the corporate accounting department. What we DON'T need is DW yielding to pressure to do the expedient, short-term, instead of what is realistic and accurate and long-term.

Hang in there, and snag another scalp and keep your confidence in this net "blue chip." FWIW, that's my 2c

Have a good day.
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