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

To: SJS who wrote (9577)	6/10/1999 6:05:00 PM
From: Mark Peterson CPA	Read Replies (3) \| Respond to of 19700

52K, the former. The market climbs a wall of worry. It's supposed to. Some on this thread are better worriers than others. When I was on the floor of the exchange as an MM, I followed the Alfred E. Neumann school of thought: "What, me worry?" And you get there by hedging your position. Everybody with a heartbeat knows that CMGI is a volatile stock. It's supposed to go up and down. And I'm just not concerned about where it closed today, where it will go tomorow, or the following week. But for those who are, if you can make a profit from your position, that's fine, because markets are two sided. And it's that give and take that make the market. And as part of that dynamic, the frightened are sure to sell. You make money on the short side. And I am grateful, because I make money when you buy back in. And I wish everyone well in their investment strategy. But sure as shootin', CMGI owns the space on internet incubators. It's not their earnings, their revenue, or their current portfolio that establishes the value, although to many individuals, that is the relevant horizon. But IMO, that viewpoint is the rim of the rut, as viewed from standing at the bottom of it. And for those who share that view, you may wish to take a second look at CMGI's business model. In this space, it has no peer. And it's my 3 -5 year bet that the stock has the best model out there. But that's my bet, and it doesn't have to be right for you. But by hedging, you take a lot of the worry out of this market. Good luck to everyone on whatever you decide. Best regards, Mark A. Peterson