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Technology Stocks : CMGI What is the latest news on this stock?
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To: ayahuasca who wrote (1442)8/12/1998 12:19:00 PM
From: Diabolique  Read Replies (1) of 19700
 
Ayahuasca:

While I do not disagree that CMGI continues to be a good long term prospect, my post speculates on the near term, next 6-8 months. In this period there is lull in CMGI's offerings and I expect the Market to take a hit due to Asia/Currency woes. In such a down turn, internet stocks are usually hit the hardest.

>> People are now much more involved and this has heightened enthusiasm, which in turn has resulted in a steady and continuing inflow of cash.<<

I also agree that the dynamics of investing has greatly changed over the past 5 years. But don't kid yourself about the flow of funds, the vast, vast majority of the Market is still driven by institutional money. The retail crowd is growing, but still lags far behind. In my experience, most of my peers (boomers) have money in the market via IRA, mutual funds and DRiPs. Most neither have the time nor the inclination to manage a portfolio.
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