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

To: M CAHILL who wrote (10304)	6/16/1999 9:51:00 PM
From: bargainman	Read Replies (1) \| Respond to of 19700

<<How do you tell a dead cat bounce from a change in sentiment?>> Today, the dead cat was stuffed with Flubber. Booiinnng, Boooiiinng.

To: M CAHILL who wrote (10304)	6/16/1999 10:31:00 PM
From: Mark Peterson CPA	Read Replies (1) \| Respond to of 19700

How do you tell a dead cat bounce from a change in sentiment? That's a good question. Although others are sure to disagree, I've always viewed a dead cat bounce as being company specific and a change in sentiment being market specific. And what occurred today looked like a market specific event. Probably an understatement... But just like any politician trolling for campaign contributions and votes, a change in sentiment can occur on a dime for no good reason... Best regards, Mark A. Peterson

To: M CAHILL who wrote (10304)	6/16/1999 10:52:00 PM
From: Michael Young	Read Replies (7) \| Respond to of 19700

This rebound still just looks like a sharp rally within the context of a bear market in the net stocks. A lot of people say these stocks have fallen before, only to rise to new highs. But the recent selloff had a different tone. Last august/september it seemed like the general market dragged the nets down kicking and screaming. This time it seems the nets were LEADING the downside. I guarantee you there will be plenty of posts on the message boards from bulls proclaiming new highs within weeks on the back of another massive short squeeze. People who were on the brink of a margin call just a few days ago will be loading up at higher levels in the hope the "good old days" have returned for the group. The psychological devastation will be huge if the stocks falter and fall back. Broadband, net infrastructure, and semiconductor stocks look great. Do you think the "smart money" is going to flow back to the broken net charts for anything more than some quickie trades? The recent action proved that the market can stay alive in the face of net disaster. That is bullish for the longer term health of the market. I'm not saying stocks like AOL are dead, far from it. But the sector needs to "take care of its garbage." And frankly 75% of the nets are garbage IMO. Too much supply of pure crap IPOs flooding the market. I know I'll be flamed for this, but I believe CMGI in particular will cause unprecendented pain to the financial health of many individual investors. The stock is a cult, pure and simple. It is a house of cards built on quicksand. CMGI is given an extreme valuation for simply being a holding company and "incubator." It is EXTREMELY vulnerable to negative sentiment towards the sector and a closing of the IPO door. MIKE