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: SJS who wrote (5949)	3/13/1999 10:36:00 AM
From: sam	Read Replies (2) of 19700

The factors you mentioned can and do change on a dime. CMGI was hit hard after the LCOS deal was announced, then proceeded to almost triple in price in the matter of weeks. In the last week or so its down 60 points -- or 30% off its high. Momo players are quick on the draw. Just as they jumped in, then fled CMGI they'll be back if there's movement. But it'll be the funds that help produce the major movement. Momo players will just increase the move. And CMGI is currently drumming up institutional support like its nobody's business. That, and the new internet broadcast venture, brought a lot of new money into CMGI. And -- for better or worse -- Weatherall is beginning to be viewed as one of 'the' internet visionaries. That said, there is ALWAYS risk in stocks like CMGI. CMGI is about the future of a business Wall Street has yet to get a handle on. FWIW, I believe there is a small chance a deal will be worked out for the "private" sale of CMGI's LCOS stake. That would clear up several major hurdles. The price? My guess somewhere well above market.

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