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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Robert Giambrone who wrote (7014)	4/15/1998 1:55:00 PM
From: Bob Trocchi	Respond to of 18691

Robert. Re: Internet Stocks, An Idea (maybe) Everyone agrees that Internet stocks are way overvalued but they keep going up. Trying to pick out a single stock has been fruitless. CMGI is a company that has most of its value tied up with investments in Internet companies. I recently read a report on this but for the life of me I cannot now find it. A few statistics: P/S 10, market cap $900M, last yr. price range 10 to mid 80's, sales $84m, net income -$18m. The report that I cannot find listed all the companies they have a big equity stake via venture investments. If these companies start to drop in stock price, CMGI will drop like a rock. If anyone has it or can find it I would appreciate it. I shall keep looking. Does anyone think that when this Internet mania begins to drop off, will CMGI become an excellent Internet proxy and a good short candidate instead of trying to pick the "best Internet shorts?" Bob T.