Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Premier who wrote (1149)	8/6/1998 1:10:00 PM
From: Diabolique	Read Replies (1) \| Respond to of 19700

I hate to rain on your parade, but had anyone noticed the change of mood on Wall Street? All the recent good news on the sales of Reel.com and PlanetAll only moved CMGI a few points. Had these news came out a month earlier, CMGI would be propelled to 120+ easily. Gone are the days of the 10+ points jumps. On the eve of a hot IPO CMGI is languishing below 70. The Street is no longer on an exuberant mind set, caution is in. This is just bad timing for Geocities. I doubt we will be seeing a Broadcast.com like reception for the Geo IPO. I have been hearing stories about small fund manager getting a lot of sales calls offering shares of GCTY. Now I hear ETrade is offering the IPO to the retail crowd. Since when does a hot* IPO goes looking for customers? Premier: Does better judgement come from an accident or design? If I didn't believe in David Wetherell's judgement I wouldn't be holding CMGI. Charger's argument is valid, think of CMGI as an internet mutual fund. There is no BTE. You are betting on the judgement of the fund manager and my money is with Wetherell.