Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (35191)	12/15/1999 10:25:00 PM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 99985

Michael, you probably don't need a reply, do you? You should know by now that in today's markets, bad news from a tech company is relegated to "company specific" (as evidenced by lower revenue forcast from CSCO, -- CSCO only down by ~2 pts), and good news (ORCL last night) is taken as a reason to party upwards in most stocks. Now ORCL and MSFT took the ball as momentum funds threw their weight into the stocks, and tomorrow it will be CMGI, and probably all internuts. Even though CMGI announced a loss, that never did matter, and what's fundamentally important is that they announced a stock split. As 1999 has shown throughout, stock splits are pure rocket fuel, and really the most important contributor to subsequent advances in a stock price. Little else matters. CMGI Reports Loss, 2-1 Split, Stock Soars dailynews.yahoo.com "ANDOVER, Mass. (Reuters) - Internet hothouse CMGI Inc. (NasdaqNM:CMGI - news) on Wednesday posted a first quarter loss of $117 million, or $1.08 a diluted share -- narrower than expected -- and unveiled a two-for-one split of its red-hot stock, sending shares soaring 33-3/8 to $234-7/8 in after-hours trading."