America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Dustin who wrote (10350)	4/12/1999 1:55:00 PM
From: stockman_scott	Read Replies (2) of 41369

<<Does anyone here own CMGI? I just watch in amazement as that stock is up 15-20 points every day. Don't know enough about their business to buy in at these prices though.>> Dustin: I have owned CMGI for quite a while....in fact I thought my third purchase last week (at $230) was expensive ...of course its almost $300 now..!!!...Last Friday I sold the last of my AOL at $161 -- AOL is a great stock and my relatives all own it. Yet, I see MUCH more upside with stocks like CMGI -- its market cap is less than 1/10 of AOLs. And with CMGI you are much more diversified -- you own a piece of AMZN, YHOO, LCOS and many new IPOs that will come to market soon -- like Chemdex, Magnitude Network, Ancestry.com...CMGI is THE LEADING publicly traded incubator of new internet companies. They are profitable and offer a great investing vehicle. In fact less than 2 weeks ago I convinced my grandfather to sell all of his Berkshire Hathaway and double his position in CMGI (at $165/share) -- he has been pleased with his decision. DELL is currently my highest market cap stock...but if CMGI keeps running like this soon it will be my #1 position.....I also really like MSGI and AWRE (a leading ADSL play I entered late last week)... Good Luck Investing. Best Regards, Scott

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