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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: woody who wrote (50714)	6/10/1999 9:26:00 PM
From: JeffA	Respond to of 90042

AOL I do not follow close enough to venture an opinion for YOUR money LOL I will tell you unlike CMGI and $85, AOL has no such aversion to going below $100. I still think CMGI may be OK. Look the revs were way up and the loss was attributable to ONE acquisition. Thursday June 10, 8:29 pm Eastern Time CMGI posts loss after charge for I/PRO acquisition ANDOVER, Mass., June 10 (Reuters) - Internet venture firm CMGI Inc.(Nasdaq:CMGI - news) on Thursday posted a net loss of nearly $28 million for its fiscal third quarter as investment gains were offset by a charge tied to an acquisition during the quarter. For the fiscal third quarter ended in April, the company reported a net loss of $27.8 million, or 30 cents per diluted share, compared with a net profit of $13 million, or 14 cents per share in the quarter ended April 1998. The reported loss was wider than the published consensus estimate of Wall Street analysts, which was for a loss of 13 cents per share, but the comparisons are typically muddied by divergences over when to include some of CMGI's investment gains. Revenues for the quarter were $43.7 million up from $18.1 million reported in the same quarter last year, fueled by growth in the company's Internet investment business and to a lesser degree by its marketing fulfillments services unit. The latest quarter's results included a pre-tax gain of $859,000 from its holdings in GeoCities, the Internet community site that was acquired by Yahoo! Inc. (Nasdaq:YHOO - news) in late May, after CMGI's quarter closed. These results were weighed down by a one-time charge of $4.5 million for writing off research and development costs of Internet advertising firm Internet Profiles Corp. (I/PRO), which it acquired during the period. CMGI's third quarter operating expenses for continuing operations of $77.7 million, reflect a 29 percent increase from the second quarter ended in January 1999 and an 87 percent increase from the year-ago third quarter results. CMGI hired an investment bank during the period to help wage a successful battle against the merger of Lycos Inc.(Nasdaq:LCOS - news), its largest investment, into broadcaster and electronic commerce company USA Networks Inc.(Nasdaq:USAI - news)

To: woody who wrote (50714)	6/10/1999 9:31:00 PM
From: ok1day	Respond to of 90042

I would not be surprised to see AOL bellow 100. Whatever you buy it at it still is a great stock to hold on to in your long term portfolio. Good Luck

To: woody who wrote (50714)	6/10/1999 11:19:00 PM
From: AUrush	Respond to of 90042

Id be careful....the trend is your friend someone said... and I don't see any reason why the downward trend in stocks will reverse..IMHO they have not bottomed yet..again I think any upward surge even for a day or two, is still a speed bump on a persistent dowenward trend ...the trend suggests shorting the nets actually...IMHO...but, what do I know except that I have not been as successful with nets as other stocks

To: woody who wrote (50714)	6/11/1999 1:04:00 AM
From: bobby is sleepless in seattle	Respond to of 90042

AOL...Hi Woody...your strategy and the market in general... all depends on your strategy, time frame, risk tolerance...if you're into averaging down, or initiating a new position for the long run, I might suggest not taking a full position...instead, take 1/4, or perhaps less. If the nets get hammered tomorrow, maybe there will be trading opportunities...but the trend will contiue lower, at least to the end of the month...then earnings season kicks in and might provide salvation from the freefall... AOL's been bouncing off 105, and was recently saved from a further slide BELOW 100 when the Portland court rendered its decision concerning the cable access issue crippling ATHM while the isp's (and daytraders) benefited from the news... problem is the mighty forces of the market is waving its ugly wand upon us... We've got an impending interest rate hike which can be argued that's already built into the market, but perhaps FURTHER hikes have yet to be felt. A couple reports coming in tomorrow, retail and PPI, with CPI later next week(?), and then the climactic FOMC report at the end of the month...all leading to market jitters, and negative market psychology for the short run...let's face it, the market isn't exciting at this time, with focus geared toward the "half glass" syndrome...vacation time, thinly traded market, rising interest rates...you get the picture. maybe there will be a psychological bounce from 100 for AOL.. who knows where the bottom is, but the bigger picture is suggesting this correction isn't over yet...we're going to have plenty of opportunities coming up in the very near future, and i'd prefer to be on the side(lines) of caution with current market conditions... I shared with JeffA and others on another thread I jokingly suggested to a investor friend of mine that AOL will touch 80 several weeks ago...joking aside, I wouldn't be surprised to see AOL trend toward that figure... gosh, to think of AOL's price at 175 made 150 a compelling bargain, 125, 120, 115, then 105....be careful my friend, and keep those stops intact...