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

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To: michel petit who wrote (7539)4/26/1999 8:50:00 PM
From: wiz  Read Replies (3) of 19700
 
Mike

I find this stock an interesting study of human nature. It's interesting how defensive, and downright ofenended people become when you try to look at the other side of the equation. I personally welcome any controversial stances on stocks I hold. If I feel the poster is full of it, I can easily dismiss their remarks. If there is some substance to their argument I welcome the information.
The conclusion I draw is that in the back of many peoples minds, on some level they realize this stocks runup is only maintained by the greater fool who steps up to buy. Rocking the boat here might reveal serious cracks around the waterline.
Last week after a fairly small drop in this stocks price(concidering the stock). I heard more stories of margin calls, and lost fortunes than I could believe!(were there people fully margined on internet stocks?) There are some underdiversified, semi blind folks following this stock. I'm sure there are some very sophisticated investors as well.. but I think they are the minority.


Good luck trying to get unemotional answers here... I'm enjoying the show!!-g-

Mark
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