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Technology Stocks : CMGI What is the latest news on this stock?
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To: BGR who wrote (9139)6/2/1999 7:57:00 PM
From: Candle stick  Read Replies (1) of 19700
 
Very positive comments from Steve Harmon. Thks for the link. Comments are below:

CMGI (NASDAQ:CMGI - news) stock is held by FMR, Fidelity's parent company, which
announces it holds a 10.3% stake in CMGI. Interesting if you recall January 6 in my outlook report of hot stocks
to watch for '99 that I mentioned any portfolio manager that didn't have CMGI in its portfolio should retire.
Fidelity apparently listened.

The question now is: Is CMGI fully valued? I can see the way clear to CMGI being valued at double its current
level. To me this is not a earnings story it's a holding company story. With CMGI you get a basket of Internet
firms in one stock.

Now is the opportunity to get into the 'nets if you have been on the sidelines, IMHO.......
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