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: cyberman who wrote (17160)3/13/2000 10:02:00 AM
From: Scarecrow  Read Replies (3) | Respond to of 19700
 
Cyberman --

Re: impact of 2-1...

Seems to me, this stock has run up nicely in the past few months. In my opinion, some threaders here (not saying you) are wallowing too much in unsupported gloom (i.e. "We're undervalued/unappreciated"). How can the #1 performing Naz stock of the past 5 years be unappreciated, you know?

This stock has doubled in the last four months -- hardly cause for the "dead-money" talk.

As for the many who say this is a multi-bagger over the next 12 months -- I just don't see it. (I want it, but I don't see it). We're surely going to have a significant correction in the next 12 months (perhaps starting today, based on some of the numbers coming out).

Also factor in the laws of large numbers. We're at a $40B market cap. Doubling or tripling is a lot harder from here. Me? I'm hoping for a double in the next 12 months -- and would consider that -- in this environment -- to be outstanding...

Other opinions very welcome...

Scarecrow



To: cyberman who wrote (17160)3/13/2000 10:06:00 AM
From: DAX KIMPO  Read Replies (1) | Respond to of 19700
 
Often time this rockets when most least expect it. That's why timing it will make one nuts, and shorts get burned a lot of times. Won't be surprise at all to close + today.



To: cyberman who wrote (17160)3/13/2000 10:10:00 AM
From: James Thompson  Read Replies (1) | Respond to of 19700
 
Cyberman - I don't think a 2:1 announcement would make much of a difference in this market. Past trends show that such an announcement does not guarantee a run-up in stock price. The May 99 split actually saw a decrease and some sideways trading before the split.

Both ENGA and NAVI announced 2:1 splits last week. NAVI continued up to 307+ and ENGA has been trending down ever since. both are taking part in today's selloff in a big way. Of course both are well off their intraday lows.

Jim



To: cyberman who wrote (17160)3/13/2000 10:30:00 AM
From: sam  Respond to of 19700
 
Split announcement last week wouldn't have made much difference. Turns out most companies now (CMGI included) hold split announcement for the "right moment." I also agree with the sentiment expressed by several others that CMGI will run...but we can never tell exactly when this will happen. I would expect it to get into the early 200s this year...unless the market tanks. bwdik



To: cyberman who wrote (17160)3/13/2000 11:07:00 AM
From: Citidude  Read Replies (1) | Respond to of 19700
 
Cyberman - I have listened to this "split talk" on all the 7 boards of CMGI this entire weekend.

The truth in the matter is, I find no substantiation (with the EXCEPTION that we've had run-ups and splits before and at this time last year) we're going to split. Unless I'm mistaken (and somebody I'm sure WILL correct me if I'm wrong) I see no newspiece to support a split IS coming by the end of April.

Frankly I think this can be a dangerous and disappointing expectation for everyone to base hope on as much as it has been talked about here. On some of the other boards it was being talked about as if it already happened. Not good.

Now I do agree that history can repeat itself, and when we rocket furtherly upward we'll more than likely split again.

But it seems that is what people are almost counting/demanding on to move us forward (not everybody - but a number of folks). I must concur with the others here that in a bloodletting market such as this, not many announcements are going to rock us like they would normally.

Another VERY DANGEROUS topic of subject is this whole idea of 1.4 billion extra shares authorized.

Do you know I haven't seen one good post yet that explained to me in A-B-C language as to what this means. Many say "No Dilution", others say "Extreme Dilution." Well let me just say this - from what I can see is that no matter how you slice it, dice it, chop it up - to unleash 1.4 billion shares would be total suicide if dumped on the market all at once. However, this does not seem to be the case.

As the company has said, they will use it for "splits" (this totally is a mystery to me!!!) and acquisitions (this makes sense if it's treasury stock). I have no idea what they mean by using additionally authorized stock for splits. A split is cut and dry. A 2 for 1 split doubles the amount of shares and halves the value - FOR EVERYBODY!!!! including the company. There are really no extra shares to buy a company with!!! Whether it's pre or post split, its the same amount of money (with whatever changes in the market price there are of course).

So I certainly would welcome somebody in explaining this one to me. The company newspiece was VERY vague/confusing IMO.

Chris



To: cyberman who wrote (17160)3/13/2000 11:21:00 AM
From: Sorin A. David  Respond to of 19700
 
And on the other hand, you don't get a split without a stock price rise, so I would venture to say that the answer is No. The split would not have made the stock move much more differently in the medium-to-long term IMO. Short term, no one knows...