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: Robert Rose who wrote (2691)	11/21/1998 6:32:00 PM
From: Millionairess	Read Replies (1) \| Respond to of 19700

james dines on the NIGHTLY BUSINESS REPORT fri. mentions cmgi ... "Market Monitor"-James Dines Of "The Dines Letter" PAUL KANGAS: My guest Market Monitor this week is James Dines the Editorand Publisher of "The Dines Letter." One of the Nation's oldest and mostwidely followed investment newsletters. Welcome back Jim.JAMES DINES, EDITOR & PUBLISHER OF THE DINES LETTER: My pleasure.KANGAS: In your latest letter dated November 13th you gave yourselfcredit and correctly so for having predicted that the summer sell off instocks would be followed by a sizzling rally. Which would be spearheadedby the internet stocks and that is what happened. But in that letter youwere still puzzling as to whether we are still in a bear market rally orin the beginning of a new bull market. Have you solved the puzzle?DINES: Well, we are still working on our 1999 annual forecast issue. Andthat's still up for grabs. But right now we are still very bullish. AndI think that we are going to be bullish into early next year. But themiddle of next year, I'm expecting a resurgence of the currency crisisI've been warning about in your show.KANGAS: How high can we go on the Dow in the meantime?DINES: I wouldn't be surprised to see us go over 10-thousand.KANGAS: But not necessarily this year but sometime in the first part ofnext year.DINES: Right. KANGAS: Your last visit with us the Dow was at 8712. That was back onJune 19th. And you had earlier recommended America On Line to ourviewers and Amazon.com these stocks have just gone through the roof.Even in January of this year when Amazon was at 28, it's now what 180 orso. And America On Line23 it's now in the 80's . Are you taking some money off the tablefinally?DINES: No. My subscribers are making major killings on these stocks. Theinternet is the biggest thing I've ever seen in my entire investingcareer. KANGAS: Alright you gave us these stocks on your last visit too. Eightof them actually new internets likeCMG Information, Cybercash, Onsale, US Web, etc. Five of them areactually down but three of them are up so much that the downers aren'tbad at all. So what do we do with those?DINES: Buy more. The internet is where it's at. If you want to makemoney in the stock market. Listen don't listen to anybody else. They'recalling it a mainy in a bubble . They said the same thing aboutMicrosoft ten years ago. You listen to me. I'm tellling you thisinternet group is where the money is going to be made in the next fewyears. KANGAS: New editions to your buy list in the internet group. DINES: The first one I would re-recommend is CMG Information Systemsthat's (NASDAQ:CMGI). This is a mutual fund of internet stocks it's goodfor beginners. Preview Travel (NASDAQ:PTVL) as my leading travelinternet stock. Many Consult.com (BB:MCNS) is my favorite low pricedinternet. In the last four weeks it's up 1209 percent from $.43 to 5 1/2. And in telecoms my blue chip favoriteis MCI Worldcom, that's (NASDAQ:WCOM).My best low price recommendation is Intisys (NASDAQ:INTF). They bothhave been scorching up trends and growing very rapidly.....(omit)...KANGAS: But all that action, the big action on the upside is theinternet.DINES: The internet hedged, internet telecoms hedged by gold. That's ourrecommended portfolio.And that's stratight from the originial internet bug.KANGAS: Just like you were the original gold bug. I got it. Thanks Jim.DINES: My pleasure.