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

To: Scarecrow who wrote (12200)	7/29/1999 4:49:00 PM
From: bargainman	Read Replies (1) \| Respond to of 19700

The market is behaving in its typical kneejerk fashion. Wages are up! Ewwww, scarey!!! Stocks get slammed in a huge overreaction. Buyers lurk for the bargains. Where are all those sellers going to go with their money? CDs? Gimme a break. Anyway, it seems to me that after investors bail on the stocks that are heavily impacted by wage-cost squeeze, they've got to come back to the growth stocks. Heard an analyst on CNBC put a lot of the blame on day traders who react to every bit of news, exasterbating the volatility. Probably some blame to be placed on these big institutional sell programs, too. But it is definitely not as much fun as the first four months of the year.