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Technology Stocks : CMGI What is the latest news on this stock?
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To: Craig Rogers who wrote (1652)8/28/1998 1:33:00 PM
From: DiB  Read Replies (1) of 19700
 
IMHO
It may go down a little... probably to 40-43. But it should rebound soon... Although I don't think it will reach 100 unless Fed lowers interest rates, but should get to 70-75.
People will sooner or later realize that Internet is not going away, and it has ALMOST nothing to do with Russia and Asia. CMGI earnings should be fine... don't forget it is an investment company... they might have a backup investment plan in case something goes wrong with their primary holdings.
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