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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?


To: Scarecrow who wrote (3162)12/21/1998 7:49:00 PM
From: Jon  Read Replies (2) | Respond to of 19700
 
(Answers to a few questions at the bottom) Finally got the day I was looking for today. I sold at 124 b/c of Greenspan tomorrow. I'll be listening to his every word, which I'll advise everyone to do, and just hope that he doesn't mention the tech sector or even worse single out the internets. If he doesn't I'll be buying back in, no doubt, at a higher price. But hey, I have no problem with that. Forget about that moron commercial on CNBC (Brown & Co.) that says to "buy low". If the stocks low there's a reason. If you're a trader, as opposed to an investor, you want to buy hi and sell higher. There's no such thing as too high. If the market can "bear" it then it can go higher. The same goes true for stocks going down. If Greenspan says "irrational internets" then get ready for the guy at Merril Lynch who said AMZN should be trading at $50 to be crowned king.
I hope that doesn't happen and I only have to pay a little extra to get back in CMGI!!

Good Luck All,
Jon

PS Sorry I didn't get back to some of the great messages I've gotten. Thanks to everyone. I'll help in any way I can.

To Todd Pagel: You got it right regarding the split. The split (100% dividend) is based on what you own as of 12/28 and will be paid out on 1/11.
To Lee West: Regarding the tax liability, you will not incur any liability until you sell those shares. While they will be paid on 1/11 you will not pay taxes on the until you decide to cash in and sell those shares.