CMGI What is the latest news on this stock? Message Board

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

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To: Jenne who wrote (8519)	5/24/1999 12:49:00 PM
From: Mark Peterson CPA	Read Replies (1) of 19700

IMO CMGI could split at 150.. Jenne, I don't think so. You must be long and unhedged to let this get to you. Fidelity is and their 10%+ ownership of CMGI is the slate floor under this stock. Now they're not going to keep the floor intact if Kahoutek is plotted on a celestial trajectory towards the floor, but that ownership interest takes alot of the worries out of whatever happens at the split for me because they're sure as shootin' going to be buyers on those "where's the floor" days. But if it gets within 30 points of your estimated split, you'd better be buying and you heard it here first... I think this is all about interest rates and the high valuations will be chipped away til the next meeting. Inflation is a real factor .. What inflation? I was on the unique homes web site last night and discovered much to my relief that there were still alot of homes for sale under $2M which you or any threader would be perfectly happy trading from the paneled library. So I'm not buying this inflation stuff. You can still get a pretty good home for that price these days and I don't see any upward pressure on the housing market as long as you're not living in Palo Alto. I heard this morning on CNBC that the Fed could take back the last 3 rate cuts. Not pretty. Jenne, if that happens within the next three months, you'll have far more important things to worry about: icebergs will also be banging away at the shores of Texas... Just relax about CMGI. What's changed about the company? Nothing I can see. Still the best 3 - 5 year bet out there. JMO. Best regards and good investing, Mark A. Peterson

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