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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: Robert Rose who wrote (9415)6/8/1999 11:16:00 AM
From: SHGLaw  Read Replies (3) | Respond to of 19700
 
Every noticed that people often have a tendency to outsmart themselves? Remember that fella last week, said he shorted 10G shares and we were a bunch of amateurs. And where is he now?

And JH has a very strong belief in his TA prowess, and yet now finds himself behind the curve. It's tough making money, and tougher keeping it. The discipline of living through hard times is usually more important than trying to be "smartest" person around. That's why I try to make up with perseverence my personal limits. I may not be the smartest guy around, but at least I'm still in it.

SHG



To: Robert Rose who wrote (9415)6/8/1999 11:57:00 AM
From: Scarecrow  Read Replies (1) | Respond to of 19700
 
Robert --

Terrific post. I, too, have been a buy-and-holder (well, a buy-and-add-and-holder). Your simple but direct explanations of the benefits was a refreshing breath of air. Add to the benes:

- Less paperwork
- Less anxiety about timing the "right" trade

It's a simple formula. Sit back and let CMGI make money for you. I fully recognize that some of us have bought at much higher prices (I'm in at -- split adusted -- $10, $32, and last week I added more at $88). However, patience with a stock with a beta of 2.2 isn't just a virtue. It's a requirement.

Good luck with your retirement plans.



To: Robert Rose who wrote (9415)6/8/1999 12:17:00 PM
From: Ken  Read Replies (1) | Respond to of 19700
 
Yeah, the taxes kill! Buy and hold (at least 1 year) is the only way to go.