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

To: ajunkh who wrote (3262)	12/29/1998 7:57:00 AM
From: Dale Baker	Respond to of 19700

Since the market is closed January 1, I'm not too concerned. But it is a possibility after that. If you are going to hold an Internut long term - and I have some CMGI I would like to hang on to - don't put next month's rent in it. Volatility is almost guaranteed.

To: ajunkh who wrote (3262)	12/29/1998 8:25:00 AM
From: artemus	Respond to of 19700

Ask yourself what you would like to do at the beginning of the tax year. Many people will be selling slow moving stocks where they have some gains. And where will the money go? I'd guess right back into the stocks that are doing better for them. There could be a rush of cash into net stocks. --Bob

To: ajunkh who wrote (3262)	12/29/1998 9:18:00 AM
From: Frederick Langford	Respond to of 19700

The pending split should remedy that possibility for CMGI imo. Fred

To: ajunkh who wrote (3262)	12/29/1998 10:31:00 AM
From: Nazdak Ned	Respond to of 19700

So use stop losses. This way you can limit your losses in any selloff yet participate in any upside by moving up your stop loss as the price appreciates.

To: ajunkh who wrote (3262)	12/29/1998 12:33:00 PM
From: SJS	Read Replies (1) \| Respond to of 19700

It's really a moot issue. If you've got a cap gain that large from CMGI this year, you'll do your taxes and pay it on April 15, 1999. If you sell the same stock on Jan 4, 1999 (first trading day in 1999), you'll have to pay quarterly tax estimate on that large gain in April 1999, as well. If you haven't paid quarterly taxes before, because you haven't had to, you'd better investigate that or else you've got a penalty situation to contend with on April 15, 2000. The gov wants a reasonable amount of their tax money from your cap gains when you earn it...

To: ajunkh who wrote (3262)	12/29/1998 12:41:00 PM
From: Brian Malloy	Read Replies (2) \| Respond to of 19700

It is a distinct possibility. When people are up as big as they are with the techs over the last three months many want to "lock in profits." They don't want to sell in '98 as the tax bill is due in April. By waiting till '99 they get till Apr '00. As others have pointed out, the upcomming stock split in CMGI may attenuate some volatility in Jan '99. Overall, I would not be surprised to see the techs falling starting Jan 4 but it will last for less than two weeks then look for strong moves to the upside. CMGI does have a gap at about the $103 level and some Technical types would say that that gap will be filled. IMHO