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Technology Stocks : CMGI What is the latest news on this stock?
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To: Capitalist who wrote (208)2/28/1998 9:46:00 AM
From: Maverick  Read Replies (1) of 19700
 
Sorry, but I am completely unqualified to answer your question.

Who would have ever guessed AOL would go this high (this fast)? Internet stocks have generally made (the previously considered "volatile") tech stocks look tame. Some of them are trading at ridiculous multiples. Hell, most of them are still losing money. Investors are betting solely on the premise others want in too, as the future is so bright, and will pay whatever to join. In these situations, I rely on professional recommendations, although they are certainly no guarantee. But they are a better forecast than mine. I sold my CMGI (with the intent of buying it back) because of Zacks' downgrade. Then the MSNBC article hits (and WSJ?). Bad luck. At least I'm attributing Friday to that, perhaps I'm (Zacks) wrong about the next few months.

CMGI is a great way to invest in the internet steamroller, you'll get no argument there. But specific price points? Sorry I can't be more helpful there. If I could, I'd bag my day job.
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