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: Nick who wrote (186)2/2/1998 11:56:00 PM
From: GREGG M. AKIN  Respond to of 19700
 
From "The Internet Stock Review", January 6, 1998

CMG -- $29 (Nasdaq:CMGI - news)

Something like a closed-end venture-capital fund of Internet stocks. Invested $2 million in Lycos
the year before it went public, which is now worth more than $100 million. Invested $1.7 million in
Brookline Technology and sold it for $70 million worth of AOL. These guys are geniuses. Not a
household name; Intel just bought under 5 percent. Long-term keeper. One of the review's
favorites. -- 508/684-3600 -- cmgi.com

Like the article says, long term keeper! Buy now, time waits for no man. CMGI may not either.



To: Nick who wrote (186)2/3/1998 5:21:00 AM
From: AlaskaBud  Respond to of 19700
 
Nick,

You're not the only one. When II came out with their Magic 25, this was the only one that I liked; I spent too much time researching it and have missed the early gain.

Went to CMGI's web site and got the Investor "kit"; it has alot of info on the company, I don't understand many of the businesses they own but if Lycos and GeoCities do well, the rest looks like a bonus.

Good Luck,

Bud



To: Nick who wrote (186)2/3/1998 10:02:00 AM
From: Qualopec  Respond to of 19700
 
Nick, remember the words of Warren Buffett: You're buying a company, not a stock. This means you should never buy because you think you're getting a "good price" on a stock; rather, you should buy because the company is strong. If this is the case, price increases will follow naturally. Now, what are the chances that there won't be a need for internet VC's like CMGI? Slim, I think, given that the net is likely to be the hotbed of economic growth for the next decade at least. If you feel like a dip now, how will you feel next year at 40, 50, or 60 (not impossible, given that net stocks seem to have no problem doubling and tripling even when fundamentals AREN'T there!).

I admit, I felt like I had missed the boat back at $29.875, when I bought in after the Intel announcement. I kicked myself for not buying at $21 a few weeks earlier. It's human nature. But I'd feel a lot worse now if I had stayed on the sidelines. Do your homework, and then stop wringing your hands over a few bucks in share price and join the party!

Justin



To: Nick who wrote (186)2/3/1998 3:46:00 PM
From: Very_me  Read Replies (1) | Respond to of 19700
 
Nick:
Don't chase stocks. 30 year experience

Stay on the sidelines and find something else. There is plenty supply.

Salomon