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

To: Dale Baker who wrote (3172)12/22/1998 7:30:00 AM
From: Rob L.  Read Replies (2) | Respond to of 19700
 
Does anyone think many of the internet stocks, including this one, have gotten way ahead of themselves. From a technical point of view, these stocks are extremely overstretched, with many gaps created. The charts are straight up. Technically, it would appear this sector is due for a major consolidation and i would hate to be the poor (literally) investor that buys right before it begins. I have been in and out of CMGI (now out), but getting back in at these levels seems ridiculous. I am thinking about waiting until after a major pullback (25% or so) before buying again. Anyone have any similar concerns?



To: Dale Baker who wrote (3172)12/22/1998 12:30:00 PM
From: Scarecrow  Read Replies (1) | Respond to of 19700
 
Dale,

Are you daring to suggest the GURU was wrong? Clearly you haven't been paying attention. The man trades billions of dollars a day and never makes a bad trade ever. Just ask him. He'll tell you in a quasi-English, semi-coherent (on a good day) way -- over and over again.

The man is all (gutter) mouth. He can dish it out, but he can't take it. Notice that he just won't respond when he's been hammered...


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