the Fools were great fans of and added IOMEGA (IOM) too back when it was hot (1995), and "past price appreciation" (one of their requirements to be considered for the privilege) was excellent.
the charts, IOM & INSP, are even beginning to look similar now.
don't waste any energy talking down CMGI, i already sold what was left of my CMGI shares (sold lots of them during '99 when i was up 1400% on them, the ones left were more than free) and bought more EGRP, thanks for the tip anyway.
i bought CMGI in late '98, when it was a marketing company and the P/E was 60, and very few had even heard of it.
CMGI was indeed built on a house of cards, their success depended on selling IPO shares to suckers, once they sold LCOS and became unprofitable again thanks to Altavista, the story got very boring.
i'm not saying that all internet stocks will crash, just that INSP will be among the ones.
the stock might even do fine during a period, until all these wireless initiatives by MSFT, AOL, YHOO, etc come to fruition and the perception that INSP is inevitably doomed begins to sink in.
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"If this is just a trading vehicle and everyone, but me has realized this then how come The Motley Fool is considering adding them to their rule-breaker portfolio" |
