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Technology Stocks : CMGI What is the latest news on this stock?
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To: Craig Rogers who wrote (6971)4/12/1999 10:11:00 PM
From: HoodBuilder  Read Replies (1) of 19700
 
Some advice for those that follow CMGI..............

Not if, but When CMGI corrects, and it will, BUY THE DIP. It is not often that you get an opportunity to buy the next DELL,MSFT or AOL but let me tell you folks this is it!

Believe it or not, Wall Street has ignored the nets and the moves have been caused by the retail investment community and day traders, however, The Street is finally realizing that the internet is the most powerful medium of the last 100 years and it ain't gone away.

CMGI's split will allow institutional money to chase this stock and chase it they will. Look at the block trades on any given high volume day then compare the blocks to any other big cap tech, CMGI has very little sponsorship and many trades are 100 and 200 share lots but when the big money begins to want in this stock will move like a freight train. A train that will make these moves look like a snail's pace.

Buy and hold and trade a few shares for fun but whatever you do DO NOT SELL YOUR CORE HOLDINGS. I made a bet today with a P.M. that runs about $400 million, I told him that CMGI would spilt 2/1 and possibly revise their split and do a 3/1 and within 9-12 months this stock will trade at twice the pre-split price. He then told me that he was first exposed to the stock this past Friday and bought a few hundred shares just for fun along with Netbank. This is a guy that runs $400 million....now how many people are there out there like him, ask yourself!
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