Bretsky-If you have been watching CMGI for a couple of months,you have missed a good rise of 1/1/99 $50 to 2/23/99 $117.50 or +135% so far.
IMHO you should have as many investments of stocks as you can keep track of. I used to invest in mutual funds,and found that 90% of them undershot the S&P 500 index. My goal is at least 30% per year,with a potential suprise of 100%+ gain per year. Now when there are times that 50MDA are breached,then you could turn defensive and goto shelter in money market accts.
You asked about AOL. It earned .22/share,with a PE of 384,and 12 month results of $14 going to $88 and a mkt cap of 41 billion.
CMGI has earnings of $1.08/share,a PE of 106,and 12 month results of $10 going to $155 and a market cap of 5 billion. I feel that AOL's growth is slowing,that plenty of competition is coming,that it's not addressing the broadband market enough, and the PE is way too high.
There are other stocks that I have an interest in ,but at the moment I'm not in them.
Keep up your investigations, maintain IRA contributions on a yearly basis,and adjust your portfolio as needed.
Good hunting
DAVE DICKERSON |
