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Technology Stocks : CMGI What is the latest news on this stock?
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To: Peter Greenhill who wrote (4251)1/20/1999 6:00:00 PM
From: SJS  Read Replies (2) of 19700
 
Pete,

I don't understand something. Why do you care if you pay 5, 10 or even 15 points too high for something if you want to own it LT? That's because you want to check it every 5 minutes to see how well you did. Wrong. You're trying to time and micromanage a LT investment with a ST perspective. Be a trader, or be a investor. Don't use ST trading rules for investing LT.

If you're a LT player, do your best to get a reasonable price and just buy it. You expect it to be much higher in 1, 2 or 3 years, so sleep well with that.
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