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

To: Lou S. who wrote (12364)	8/5/1999 7:26:00 AM
From: DlphcOracl	Read Replies (1) \| Respond to of 19700

To Wragrep: CMGI Long Term <<Long term? Isn't anyone other than me view CMGI long term?>> Not me, guy. I've learned earlier this year that internet stocks are not long term holds. The 40-70% corrections make an intermediate-term trading strategy more profitable and less risky. CMGI long term will be one of the few internet winners but that does NOT mean that it makes any sense to hold it through thick and thin. There IS some bloom off of the internet rose and people have become increasingly impatient and intolerant of the strategy of widening quarterly losses while "building market share" or "increasing eyeballs". Amazon has nearly singlehandedly sunk the internet sector. CMGI will rebound in the fourth quarter but will not come anywhere near its 52-week high. Anticipate lower highs and lower low over the next several years.