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

To: KENNETH DOAN who wrote (12147)	7/26/1999 11:42:00 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 19700

I'm trying to find a suitable place to place a large(for me, anyway) buy order. The stock hit 71.5 in June so how does the situation compare now with then? On the negative side, interest rates are indeed higher and more time has elapsed since CMGI made its really big killing by buying in 1995-1998. The stock has gone up ten times this last 12 months. There won't be another such 12 month period because there is much more competition for buying future great internet companies. It might take 10 years for the stock to go up another ten times. Of course that would be an excellent investment, compounding at 26% a year. On the positive side CMGI has begun a policy of letting shareholders in on some IPO's at least. I remember CMGI said they had 40 dollars per share of valuation of their tradeable stocks. That was before the latest split so the number is now about $20 per share. If we assume that there is another $20 per share of value in the as yet private shares then a value of 1.5 times $40,i.e. $60 seems fair. On the other hand this is the premium stock of U.S. internet stocks. So maybe about 70-75 is justified. I think I'll go in at that level, if possible and hope to hang on for ten years. In practice if the stock goes too high it's better to sell and pay the income tax. Any opinions out there?