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

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To: pater tenebrarum who wrote (6617)3/30/1999 8:43:00 PM
From: Hands Off  Read Replies (1) of 19700
 
Heinz, you state: everyone long this stock knows in his heart that
fundamentally it's way overvalued


I don't! There is so much that I disagree with in your post that it is hard to know where to start. Certainly, I am cautious and said so when it was reported that DG and Sumitomo sold some shares.

But, has it has been said so often, the internet is not about fundamentals - not yet. It is about potential, and where technology is taking us - for good or bad.

For CMGI you have both management and synergy. Sure it will be harder and I do agree that the days of the 35000% return are probably over - but that is just phase 1. The strong will survive and get stronger and I expect CMGI to survive. It should still be a very profitable investment

And if you want to see 'overvalued' point your mouse over at AMZN, ABOV, EBAY, or for that matter, LU, CSCO, SUNW, and dozens of others.

If your are frightened get out or go short. If you want fundamentals look at GM or Hershey. But for me, this one is still core.

Luck - Marshall
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