Do you think it will just keep rising without pulling back ? Have you watched the market since October ? Did you know that Alan Greenspan spoke today ?
Alright, already -- Who burned your toast this morning? Let up on some people who have lost some money, would ya?
That said, there's no reason to get nervous about this pullback, precisely because it's a market movement. Nothing fundamental changes about CMGI. It's just that this retreat has been spectacular for its swiftness, size, and stubbornness. Ah, yes -- a high beta.
When sector rotation is complete (Mark? When's that, just so I know!!), split hits the daytraders' horizon, and another IPO comes up, we'll be rueing the fact we didn't buy more today.
Now, I realize that SILK was already priced into this stock, but isn't anyone else surprised by how little impact the actual IPO had? Last summer, GCTY had this stock humming on IPO day...
Scarecrow |
