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

To: James Thompson who wrote (14337)	11/24/1999 8:41:00 PM
From: Jeff Mills	Respond to of 19700

James-- I feel they will let CMGI get over $200 before announcing any kind of split. I strongly feel that Prudential's $186 price objective will be met and surpassed with ease before mid-December. The beautiful and exciting thing about CMGI is the small number of shares outstanding. There are only ~ 117 Million CMGI shares out there. So for every $1 the stock appreciates we only add $117 MM in marketcap. This is a tremendously explosive feature of the stock and furthermore I would characterize CMGI as a "light" stock, as opposed to a heavier stock like AOL which has close to 2.24 Billion shares outstanding. For every $1 AOL raises, it adds $2.24 Billion to it's marketcap. For CMGI to gain $2.24 Billion in marketcap it has to go up $19!. This is exciting to me. It amazes me how much I hear people saying "how can that stock go up $50 today?" -- and the answer is that a $50 move up may prove to be small in some stocks due to the small number of shares outstanding. Regardless, I bought more today at $140 and now have a sizable position of a couple thousand shares. I feel a move to at least $215 is obtainable and will not sell shares until I feel CMGI has become overvalued. Certainly here it has had a great run, but I feel more is left on this upleg. JM