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


To: Mark Peterson CPA who wrote (14248)11/21/1999 3:14:00 PM
From: bargainman  Read Replies (2) | Respond to of 19700
 
Just think of CMGI as a young broccoli stem, with little buds starting to show themselves. Come harvest time the stem will have exploded with full flowers. The CMGI public portfolio is just starting to perform, revenue wise. The growth potential from here remains incalcuble. But $60 billion cap in 12 months sounds lovely, if hard to fathom. Certain a double, perhaps triple in the next 12 months is not beyond our experience.



To: Mark Peterson CPA who wrote (14248)11/22/1999 4:24:00 PM
From: Brian Malloy  Read Replies (3) | Respond to of 19700
 
Another nice day for CMGI.

What is your take on CMGI's old high?
From my perspective, in terms of overhead supply we are about out of the woods IMHO. The run from $300-$330 was a blow off last year, the $280-$300 too me is kind of +/-. Overall, five days or less was spent in the $280-$330 la la land if memory serves me correctly.

In short, we are basically sitting on the old highs. The CMGI story is only getting better and stronger. Hopefully, those that own the stock long recognize what a treasure they have. To those that sold and missed this great run from $100 to $142 or so...you can always buy back and remember to hold this stock unless there is some change in the fundamentals.

However, if people don't know why they own this stock they will not be able to hold during the "relative" periods of periodic under performance. Remember that 80-90% of gains in most stocks accrue during 10-15% of trading days. In short, if you own the stock...it is in your best interest to stay long because you can not always predict when the jumps will come. We sat around $100 (+/-) $10 for a long time. Now primarily due to two out of the last four trading days we are up 43% since last week.

Regards to the longs.