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Technology Stocks : CMGI What is the latest news on this stock?

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To: Brian Moore who wrote (18214)8/21/2000 5:32:00 PM
From: Scarecrow  Read Replies (1) of 19700
 
Brian --

RE: My guess is CMGI understands that P2P is the big deal now (showing a Path to Profits) and that next quarter's results will show they are on track.

I think that's a wise observation. They must feel they can tell a VERY good story to be doing this. I can't imagine that they'd make a very public deal out of telling the Street that they're changing their reporting processes/formats unless they were DAMN sure it would look very good.

Playvermont -- I guess I agree with you from a risk perspective. It's doubtful the market would push us much lower than we are now. However, the risk is in opportunity cost. How long do we sit here?

A broker friend of mine said this reminded him very much of EMC in 1990 when it was at $10. I didn't/still don't follow EMC, so I'm unsure if the analogy is apt -- but I'd take a similar outcome.

Scarecrow
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