Another DW post --and other musings from RB.
By: mcnulty
Reply To: None Friday, 24 Dec 1999 at 1:24 PM EST
Post # of 47195
dwether in post 5431:
Sentinel: Should CMGI take @Ventures public, we would own a much larger percentage of the entity than Safeguard owns of ICGE. This would help insure that should @Ventures succeed in the market, CMGI should benefit accordingly. There may still be some arbitrage between the two stocks, because the markets are not perfect, but I would not expect the arbitrage to be as significant as it appears to be at times with Safeguard.
We are studying how to avoid a number of other issues that seem to be a part of the ICGE model, for instance, their exposure to the 40 Act and attracting key employees, since they use stock instead of the more typical venture carry approach. Hopefully, by sometime late in January, we will have a recommendation for our board to consider.
Regards,
David
There you are! Is there a greater CEO on the planet?
kooler in post 54322:
I for one have adopted a homeless shelter in Mesa Arizona, and every time I walk into the place I have my CMGI hat on...LOL
Dave ? in case your reading this. My 'charity' is the environment. It is gratifying for me that my investment in CMGi will enable me to lend stronger support to planet-friendly causes. Thanks for empowering me.
manfmnantucket in post 54326:
dwether, I thought you detested CMGI SHORTS LOL!
That's just too good. :-)
kooler in post 54329:
McNulty..Thanks for the post..if you don't watch out you'll pass IFK on favorite poster..but you have a long way to go to match the one and only......ZEN WARRIOR !!!!!!!!!!! LOL
I wish I was 10% the poster IFK is. Thanks.
As for zen_warrior, few events can ever match his astonishing forecast of earnings two reports ago. I'm still in disbelief. Well done, zen.
The rest is more general stuff:
from David Jennings' column on Raging Bull:
Although most blue chip Internets declined on the day, infrastructure software powerhouse Inktomi (INKT) shot up 15 to 191 1/2 after Merrill Lynch's (MER) Web analyst, Henry Blodget, raised his rating on the stock. "Absolutely amazing!" remarked tandress to Dr_D in post #1375 concerning the Net guru's change of heart. "Blodgett didn't like it 2 months ago at 131, but now says buy at 179. I guess Merrill Lynch got loaded up at the $88 per share they knocked it to, and are now ready to sell. What crooks."
It is absolutely amazing.
The Internet has democratized the process and leveled the playing field for the little guy, but the shenanigans continue. The voices crying foul! aren't loud enough. The brokerage houses suffer limited exposure and are not embarrassed into changing time-honored habits.
Who speaks against this? David and Tom Gardner are names that come to mind. The Fool is an influential grass roots movement, rightly claiming credit for liberating tens of thousands of investors from the old order. But the voices of opposition do not reach critical volume.
At least the trend to greater accountability is in place.
[PS: I know the Fool isn't universally loved. I learned a lot from them, though.]
from the 12/23 'Dr. Bob' column on Raging Bull:
The New Paradigm argument was reinforced again this week, as the Nasdaq and Internet stocks continued their amazing uptrend in spite of rising interest rates and relative overvaluation by historical standards. Favorable seasonality is in effect until April, so it is possible that the Nasdaq could remain in an uptrend until then, albeit with short-term dips. ?
As mentioned a week ago, there is a possibility that a major stock market correction of 15%-20% may not occur until after favorable seasonality ends in April. There should be brief dips in Internet stocks in the meantime, but new money seems to come into them each time they dip. There may be money coming out of bonds and non-tech stocks for investing into Internet stocks because that sector is now not just favored, but accepted by the institutions and masses.
Incidentally, just in case you didn't know, there is plenty of evidence that money is already flowing out of bonds and non-techs into Internet stocks. The Inet sector is like the funnel of a twister, dancing along the surface of a very broad suck zone, with gathering strength.
I like the "accepted by institutions and masses" line. More and more investors are starting to get it. It's like anything else; people must build to a comfort level. It comes with fuller awareness. The Inets are growing in respectability.
I am surprised that the [long bond] rate's move above 6.4% has not started to hurt high-valuation stocks, like those in the Internet sector, as usually occurs. It is possible that the high-valuation stocks won't be hurt much by rates until there is another rate hike or two, which may not occur until March or April, or until rates approach 7%.
Who isn't going to at least be thinking about selling their stocks, particularly their Internet stocks, in April? Call it the 'April effect.'
The Internet rally seems to be the biggest run any sector or overall market has had since the 1920s, and does not appear to be over yet, or even due to have a major correction over 10% very soon.
The right season, the right sector, the right stock. Go CMGI!
The 12/22 Matt Ragas 'Cyberstock Interview' highlights iXL Enterprises (IIXL). The CEO says, "We've signed near $100 million worth of business in the last month."
The interview is a must read for anyone who is trying to gauge the potential of CMGI Solutions. Here's the link:
ragingbull.com
(Voluntary Disclosure: Position- Long; ST Rating- Buy; LT Rating- Strong Buy)
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