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Technology Stocks : CMGI What is the latest news on this stock?
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To: Don Jeanblanc who wrote (111)9/24/1997 9:25:00 PM
From: Saul Feinberg Jr.   of 19700
 
Hey Don:

Remember me. You and I were one of the few
who talked about CMGI back when Microsoft was
buying them, or even before that.

I've been selling my CMGI, I am down to about
25% of position, which at one point was almost
75% of my net worth. I dont intend to sell
the remaing 25% of my position. There's no
reason I can explain why I sold other than
I want to diversify my holdings a little bit.

Long term, I think CMGI is in a good position.
I remember I valued CMGI at around 27 dollars a
share. But I think things are still looking
good. Although I see that the stock price can come down
a bit before it goes back up. But with the stock
market, I have learned that stocks can just keep
on going higher by pure momentum alone.

Well, good luck, guys.

Just dropping to say hi. We've made some good money
Don.
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