CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: Doug Meetmer who wrote (3637)	1/10/1999 9:43:00 AM
From: Islander	of 19700

Here are his comments, he has also written about the discipline of not selling: Staying in the Game By James J. Cramer 1/6/99 12:06 PM ET Here I am selling perfectly good companies to get into fast movers. All day. Love Pepsi (PEP:NYSE), but I'm letting some go so I can buy more Net. Love BankBoston (BKB:NYSE) and think it is worth a ton, but I am letting it go to get something with more juice. Is this: (a) greedy? (b) short-sighted? (c) too aggressive? or (d) perfectly practical? I think it is (d). And I will defend it with all my heart and soul. After this morning's Squawk, I got the usual heat from the usual people, who told me that I have no right to tell the masses that they should hold on to their Amazon (AMZN:Nasdaq), their Yahoo! (YHOO:Nasdaq) and their AOL (AOL:NYSE). Didn't I know what evil awaits these people? Didn't I know that the world will lose a fortune in this thing? All I can say is the only person who will lose a fortune is the guy who owns nothing but BankBoston-type stocks. He will lose a fortune in assets under management because he will underperform the guys who have the juice. How long will this go on? Dumb question: Money management is a business like coaching in the NFL. You lose five games, you are out of here. You sit out the big moves in the Amazons because you wanted to be in just the BankBostons because they represent value? You will be out of here. I am a businessman. I have to run a business. I have to make a living. I don't want that living taken away from me. Who am I to tell somebody else they shouldn't be long winners and they should build up their losers? If that's prudent and honest, call me reckless and fork-tongued. Because I want to stay in the game.

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