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


To: Zeem who wrote (12122)7/26/1999 1:14:00 PM
From: Scarecrow  Read Replies (3) | Respond to of 19700
 
Zeem --

Thanks for your posts -- a contrarian view is always welcome and refreshing (although it's a bit more interesting to hear a "down" view when the stock is rising, not when it's falling...). I have to take strong exception to one of your statements, however:

I do find however that folks like yourself who defend stocks (for their own gain) like this tanking pig to new people trying to disseminate or glean useful information quite a bit more dangerous. I only pose a danger to my own portfolio while you pose a danger to others.

If the stock falls, you can argue that people advocating a long position could damage others' portfolios. However, if the stock rises, aren't you causing damage to others' portfolios who listened to your advice and didn't buy CMGI? It cuts both ways.

Seems to me the only people who've been hurt by CMGI are those who've tried to time the stock or those with very short "investing" horizons (of course a "short-term investment horizon" is an oxymoron in my book...)

Whatever, good luck.