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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 (9775)	6/12/1999 6:35:00 AM
From: Mark Peterson CPA	Respond to of 19700

Robert, although CMGI's nosedive yesterday surely disappointed many, it had little affect on those who weren't investing with scared money. Everyone knows what scared money is. The $$$$ they need for the downpayment on that next house, payment for their credit card balances, the money they borrowed from a family member to make a killing in the market and now wonder how they'll repay the 50% that got vaporized in the last 30 days. And alot of people betting with scared money got scared out of the market today. And that's a blessing in a convoluted sort of way because it forces them to rethink the assumption that stocks in general or CMGI specifically always go up. When I start hearing my dental assistant telling me about how she makes more than her salary by trading in this market, well, I know there's a lot of borrowed chips on the table placed at risk by nice people who couldn't hedge their way out of the bushes in their front yard, much less CMGI. I'm happy for those who made some money yesterday in this stock and I'm sorry for all those who temporarly lost some, myself included. But I'm not playing with scared money and neither are some other individuals on this thread. IMO, nothing about CMGI has changed. And for those who think something has, you should take your money off the table. But be sure to revisit this thread in 3 - 5 years to see what you've really lost... Best regards, Mark A. Peterson