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Technology Stocks : CMGI What is the latest news on this stock?
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To: jtechkid who wrote (533)6/4/1998 4:26:00 AM
From: ajunkh  Read Replies (1) of 19700
 
I don't pretend to have any idea what will happen near-term, jtech. But 12 months from now I think it will appear smart to have bought CMGI at current levels pre-IPOs. I'm an investor not a trader, which is, perhaps, where part of our disagreement arises. Very few companies, especially information technology companies, are profitable when they are still near the stage of raising venture capital. Though that does mean that they are risky and speculative investments, that does not mean that they have no value. If they had no value, then venture capital would cease to exist. Good luck to you.
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