SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: Jeffry K. Smith who wrote (14724)12/14/1999 6:41:00 AM
From: mrc  Respond to of 19700
 
He's right..$250 is a done deal. Sit back and enjoy.



To: Jeffry K. Smith who wrote (14724)12/14/1999 7:31:00 AM
From: AmericanVoter  Respond to of 19700
 
connections in China will only put more fire power into the mix...I think fund managers / institutional investors are starting to take notice of CMGI (finally... DUH)....not wanting to miss on the internet's spectacular performance and not wanting to commit to negative earnings companies... so, barring any major negative news, 250 could be reached by earnings date...

best regards
amein alsuezi



To: Jeffry K. Smith who wrote (14724)12/14/1999 11:11:00 PM
From: Chetman  Read Replies (1) | Respond to of 19700
 
Jeffry,

With the run CMGI has had (100%+) over the past 5-6 weeks, I'm surprised by your amazement that it can go to over 250 by mid Jan. I and most posters here are pretty familiar with this stock, and we know that once it gets moving, it's tough to stop. This time of year especially, the good news seems to keep rolling in.

Funny thing about momentum stocks - they always seem to go up or down much more than you think possible. Witness last winter/summer. In the meantime, it wouldn't surprise me to see the stock settle in the 170-180 range during a correction, but as long as volume does not increase, I am not concerned.

If you reread my post, you'll see some of the reasons I gave for a continued up move, after a brief correction: split, icast, China. I'll also add some that I've posted previously: Jan net conferences like they had last year, in which Wetherell can further enlighten analysts on his strategy; AV, even though it won't go public til March (I think); earnings time for other nets, such as YHOO; good seasonals for all techs; sheer momentum of the stock.

I won't believe this run is over til I see some type of blowoff volume (20 mil+) on an up or reversal day. Then I'm out of my short term stuff.

As far as my calls, they were actually Jan 180's bot in late Oct/early Nov at 50 cents. I remember telling my wife "Honey, tomorrow morning I'm going to p#ss $10K down the toilet. You don't mind, do you?"

As you can see, I wasn't nearly as confident in my purchase then as I am now. gg