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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Jerry Olson who wrote (15668)	6/2/1999 8:53:00 PM
From: Stephen	Read Replies (2) of 99985

OJ ... somewhat OT given the threads name. Re CMGI ... you reiterated something that Steve Harmon said today. What I don't see with this one is the big winners in the current stable. Isn't the value of their asset base diminishing as more internut IPO's come to market and equalise the supply/demand factor that has played such a part in the valuations ??. Off hand, I seem to remember they have 6 or 7 potential IPO's this year ... but I don't remember anything stunning ... and 3 or 4 that looked extremely mediocre. I'd appreciate your thoughts ...... Thanks & regards Stephen

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