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Technology Stocks : CMGI What is the latest news on this stock?
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To: Dave Dickerson who wrote (8607)5/25/1999 8:38:00 PM
From: Andeveron   of 19700
 
>> 1. 8-12 new ipo's will be coming out this year, with Chemdex and
>> Engage already announced (I plan on hopping on their bandwagon
>> the AM.that they come out for a short ride (of +60 to +140%)

The CMGI formula was gold when Net IPOs were in demand. Things are changing and the market is not as receptive as they once were to the nets. Look at any of the recent Net IPOs that rocketed on the first day only to tank in ensuing days.

I'm long CMGI but it was the result of a put play - sold the May 240s last month so my cost basis is $200 but things look very iffy going forward, at least in the short term.

Net IPOs are CMGI's bread and butter. When they're out of fashion, what does CMGI have to fall back on?
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