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

To: bobby beara who wrote (9934)	6/12/1999 11:00:00 AM
From: KM	Read Replies (1) \| Respond to of 19700

Bravo. Great post.

To: bobby beara who wrote (9934)	6/12/1999 11:25:00 AM
From: stockman_scott	Read Replies (2) \| Respond to of 19700

<<Niether is my 85 year old grandfather who has thousands of shares of CMGI and DELL very sad stockman that you have convinced people in this age group who should be in 70% fixed income investments to pile so much money into a speculation.>> Mr. beara: I appreciate your insights yet I am not a trader. I prefer to invest for the LONG RUN. Now that you're commenting on my grandfather I may have to respond...My grandfather often asks me for investing suggestions. He then does his own due diligence (with the help of Prudential). It was his decision to buy CMGI. Many months ago he started to lighten up on Berkshire Hathaway and put the proceeds into additional CMGI shares. His average purchase price is MUCH lower than where we are now. In fact, he is quite pleased with his CMGI performance in the last year. He tends to invest like the Janus Funds -- he digs deep and understands a company and their prospects -- and invests for the LONG TERM. He also is diversified and invested in many high potential tech, telecom, healthcare, financial services, and internet stocks. He has large positions in stocks like CMGI, CSCO, DELL, MSFT, WCOM, MRK, WAG, SCH, SYK, and NETP. He surely doesn't believe in being 70% in fixed income investments. He does have some bonds and owns a couple high quality mutual funds like Janus Twenty. I can assure you that he is not depending on CMGI's appreciation to live well in the next few years. In fact he is currently with my grandmother and some relatives on a cruise in Eastern Europe. Then he'll be traveling in France for a few weeks. At 85 he still is very active -- plays tennis, sails, plays the violin, travels, manages investments, and volunteers. He has been blessed to have a great career and many years of successful investing. I can assure you that he has NEVER (ever) gone short on a stock. He doesn't believe in making a bet against great companies. His time horizon for investing is a LONG one and he currently is more comfortable with technology stocks than some of "the professional" portfolio managers. I have learned a lot from my grandfather and we both intend to keep all of our remaining CMGI shares. Thank you for your concern and have a good weekend. Best Regards, Scott

To: bobby beara who wrote (9934)	6/12/1999 11:26:00 AM
From: Les H	Respond to of 19700

The market still hasn't had the capitulation phase at the end of the correction yet. The last three corrections have had 3-6 percent one day declines coming at the end of the correction. The high valuation and speculative stocks are not the place to be at that time. They will see 10-20 percent declines in one day. This doesn't include the follow-up day when the market declines in the morning and significant numbers of value buyers come in and the market reverses the decline. Many of those stocks will decline similarly on the reversal day also before bouncing back.