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Technology Stocks : CMGI What is the latest news on this stock?
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To: FR1 who wrote (7306)4/19/1999 8:45:00 PM
From: daffydog  Read Replies (2) of 19700
 
The main issue is the strategy of buying and holding for a long period versus trying to time the exit and entrance to correspond to high and low respectively. If one buys a great company and holds through thick and thin, this will produce great results (witness Warren Buffett). If one manages to time the sale and purchase just right, one can greatly increase one's return (e.g., if one had sold CMGI at 330 on April 13 and bought today at 204 [assuming today is the bottom]). However, everyone smart about stocks will tell you that this sort of timing is a fluke, and unlikely to be repeated. If I have 100 shares of CMGI and hold them through a wild swing such as today, and in five years the stock is at 3000, I've done better than if I sell at 260, wait for the correction that for whatever reason doesn't come, and then have to buy back in at 400 because I see the train leaving the station. It probably also creates fewer coronary artery plaques and less hypertension to buy these companies and sit the bad days out rather than trying to get all the trades right.

Either way, the best take-home point of the day is that these companies can go frightfully down, as well as exhilaratingly up, and if you have your health and your loved ones, it really doesn't matter.

MGG
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