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Technology Stocks : CMGI What is the latest news on this stock?
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To: SJS who wrote (3623)1/9/1999 4:32:00 PM
From: Sowbug  Read Replies (1) of 19700
 
Along the same lines, I've been begging my dad to get into stocks for the last two years. Finally he takes a gigantic wad of cash out of his money market account, opens a web trading account, and here's what I tell him to buy:

YHOO CMGI AOL MSFT INTC ATHM MRK ATI UMG

... and get this: he buys the DAY OF last summer's crash -- he bought YHOO at $68, ATHM at $30, CMGI at $40... you get the picture.

So a few weeks ago he tells me he's thinking of selling MRK because it's returned only 25% or so since he bought it six months ago. Your typical fund manager would sell his firstborn to get a 50% annualized return! My dad thinks that 300% in six months is merely acceptable, and he's supposed to be the voice of reason for brash youth like me!

What kind of market is this? My 60-year old dad suddenly thinks of giving up his career of 25 years and becoming a daytrader! A 15% return in a year is considered a dismal failure!
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