Rene-one needs to post a note on their computer, "CMGI's beta is 2.8, I will not get discouraged when it swings, but use the downturns to add to my position".
Remember,since inception in '94,it's up about 42,000%.
In 1998, it was up 906% for the second best stock increase in the USA, for that year. On 1/1/99 it was $26 and today's price is $268,what sort of a return is that?
Traffic on the USA internet, is doubling every 100 days, and 65,000 new users of the web emerge every day in the USA. E-commerce is just beginning. Very seldom, do we get a chance to participate in a well- managed venture capitol fund that deals in new net cos.,that are working together to build value.
A trick I use to help me handle the volatility of CMGI, is to post updates to my portfolio, only when CMGI has gone up. Since my purchase of it of 1/7/98, my investment value in CMGI has increased 268%, not bad for 4 months. (40% more and I'm retired)
Have patience,you will be rewarded.
Good Hunting
DAVE DICKERSON |
