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

To: jhg_in_kc who wrote (14300)	11/22/1999 10:42:00 PM
From: eDollar.com	Respond to of 19700

It was not that stock, but the entire INETS. That day YHOO was up some 85 points SEEK 40 points. I guess Seek closed at 87. Next day SEEk opened at 52 and again hit an intraday high of 90.

To: jhg_in_kc who wrote (14300)	11/22/1999 11:35:00 PM
From: James Thompson	Read Replies (1) \| Respond to of 19700

CMGI volatility: 10 months ago CMGI was considered a high risk play, and still is. Schwab still does not permit purchasing CMGI on margin, although other brokers do. Many traders move in and out of CMGI short-term. CMGI is subject to panic selling. In the past, quarterly earnings contributed to the swings because earnings varied considerably from quarter to quarter. If CMGI spun off a major deal (Geocities for example) earnings far exceeded expectations. If they didn't, there were disappointments. CMGI has little in the way of traditional revenues and analysts have had a hard time placing a value on the company. They do best by calculating the "sum of the parts." CMGI split twice in 1999 reducing the volatility to some extent by increasing the float. For example, the sideways trading during the past several weeks was unheard of before now. Basing took place in a matter of days not weeks or months. When on the move CMGI is a day trader's favorite. Being a pure Internet play, CMGI was (is) subject to interest rate fears and moves in sync with debt-ridden net stocks. Analysts are finally realizing, however, that CMGI is a cash cow, having plenty of money to toss around. CMGI has a very loyal following. The Affinity program attracts long-term investing. Nobody wants to be left out of the IPO process. Jim