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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (24398)12/12/2000 10:55:55 AM
From: im a survivor  Read Replies (2) | Respond to of 65232
 
Careful with CMGI

Incubators arent the hottest thing and wont be for awhile....some question whether they have anything under their umbrella that will be profitable. Lots of layoff's recently. Wettherall bought back some shares in the twenties.....I lost a lot of respect for him when he did that. It was a cheesy effort on his part to try and pump some life into a dead and falling stock.

Could explode on a naz run...but be very careful. There are sellers lined up that bought from $200 all the way down to $9, and many are sitting with fingers on the sell button.

JMO....it used to be one of my favorites, but not anymore.



To: Dealer who wrote (24398)12/12/2000 10:59:03 AM
From: Mannie  Read Replies (1) | Respond to of 65232
 
The online advertising model is proving to be a bust, and CMGI is largely dependant on that model. You might be able to play a rally on CMGI, but I don't see any compelling reason to own it myself.

good luck, Double Deals......
Scott



To: Dealer who wrote (24398)12/12/2000 12:28:17 PM
From: edamo  Read Replies (2) | Respond to of 65232
 
dealer...cmgi was one of those new economy type stocks...erratic balance sheet and earnings, dependent on what company they sold their interest in....i held momentum positions that i closed in january at 154.....

better things to do with twelve dollars...get a large pizza with pepperoni and extra cheese...or buy a beaten down chip stock with tangible earnings...

ed