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: bubbarayjr who wrote (15604)1/8/2000 11:23:00 AM
From: Brian Malloy  Respond to of 19700
 
Ref your: "anyone who is currently long CMGI with more interest rates hikes on the horizon and a changing investor's perception about DotCom companies is a fool."

I'm long CMGI stock, use CMGI options as needed to ride the known volatility in this issue. I don't consider myself a fool and many other longs on this thread would say the same. My cost basis is $30 soon to be $15. Other's on this thread have a cost basis in the single digits already not even counting the upcomming split. Some of us are not 100% transfixed by Beta and gyrations. Some of us have the vision to see over the horizon.

I encourage you to come back and check in with the thread at the two five and ten year marks. Then we can objectively evaluate who the greater fool is. But since you don't understand long I guess that would be too much to ask.

Regards,



To: bubbarayjr who wrote (15604)1/8/2000 11:30:00 AM
From: James Thompson  Respond to of 19700
 
Thanks bubbarayjr. So I must be a fool.

I have heard this all before. The bubble is about to burst, right? The Internet will continue to grow at breathtaking speed, technology will continue to evolve daily, and investors will move all of their money into K-Mart and U.S. Steel. Dot.cm companies will fall by the wayside and be forgotten.

You don't take into consideration any of the following:

1. Continued uptrends in wages AND productivity - a positive sign for little or no inflation.
2. The cyclical nature of the market. Every 90-days the market pundits and big-boys hype a different sector to get us to move our money out of one place and into another to make them more money.
3. Greed. Basic human greed. The same reason many won't put money into a 2% passbook savings account any more. Why should they do that when they can get 140% a year in net and tech stocks. The same goes for your basic, ho-hum stock that ROCKETS up 10 points in a 10-week breakout. No contest.

At any rate I think I will hold onto my $25 post-split shares, and enjoy my 5-600% ROI.

Jim



To: bubbarayjr who wrote (15604)1/8/2000 1:34:00 PM
From: im a survivor  Respond to of 19700
 
<<Conversely anyone who is currently long CMGI with more interest rates hikes on the horizon and a changing investor's perception about DotCom companies is a fool. >>

Ha....pretty funny. Well I am a fool then, and a most happy one at that.

Sheez, wher'd you come from the alcoa thread....gold and silver is a buy thread ????

I am simply amazed there are still folks like you around. I was hoping many of you would never come out of your y2k bunkers.

OK, whatever....tell you what. I have bookmarked your post and one year from today, I am going to send it back to you and after you are done calculating the % rise in cmgi, you will see who the real fool is.