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


To: AmericanVoter who wrote (12350)8/4/1999 5:57:00 PM
From: DR. BOND  Read Replies (1) | Respond to of 19700
 
The Momentum is down and we have yet to see "complete panic", so chances are we are still heading lower.

Friday we may see some relief.

Got to run,

Good Luck,

DB



To: AmericanVoter who wrote (12350)8/4/1999 8:20:00 PM
From: DlphcOracl  Read Replies (1) | Respond to of 19700
 
Amein: To answer your question, it's your wishful thinking.

The i-nets still have a ways to go before they begin rebounding. Any uptick between now and Sept. will be short-lived. One can say anything one wants about earnings, the future of the internet, etc. but these stocks are still driven primarily by investor sentiment and momentum. Having said that, I think many of these stocks will have a strong 4th quarter and Jan./Feb 2000. I'm not a buyer here, though.



To: AmericanVoter who wrote (12350)8/5/1999 12:37:00 AM
From: bargainman  Read Replies (1) | Respond to of 19700
 
Amein -- We might see a small bump up, sort of like a rock skipping on the surface of water before it sinks. Our beautiful CMGI is being hit by a tidal wave that has nothing to do with the fundamentals of the stock, except to the extent that internets can't compete with the so-called "value" stocks and cyclicals which now draw the herd. You can't fight the market. It goes the way it goes and no amount of wishful thinking can make it otherwise. There's nothing wrong with CMGI that isn't wrong with every other big internet name. I'm still a buyer at 73 and will use money from shares I sold at 125 to increase my position substantially. The next several weeks will be rough with bond yields sucking out what little bouyancy remains in the market. Another .25 nip by the Fed and we'll see how things stabilize. Best wishes.