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: SJS who wrote (3623)	1/9/1999 4:32:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 19700

Along the same lines, I've been begging my dad to get into stocks for the last two years. Finally he takes a gigantic wad of cash out of his money market account, opens a web trading account, and here's what I tell him to buy: YHOO CMGI AOL MSFT INTC ATHM MRK ATI UMG ... and get this: he buys the DAY OF last summer's crash -- he bought YHOO at $68, ATHM at $30, CMGI at $40... you get the picture. So a few weeks ago he tells me he's thinking of selling MRK because it's returned only 25% or so since he bought it six months ago. Your typical fund manager would sell his firstborn to get a 50% annualized return! My dad thinks that 300% in six months is merely acceptable, and he's supposed to be the voice of reason for brash youth like me! What kind of market is this? My 60-year old dad suddenly thinks of giving up his career of 25 years and becoming a daytrader! A 15% return in a year is considered a dismal failure!

To: SJS who wrote (3623)	1/9/1999 5:15:00 PM
From: Gary105	Read Replies (2) \| Respond to of 19700

Steve, thanks for the response and congrats on your profit. Just curious as to what you will do now. Buying on the dips is easy. But what if the stock starts running after the split. Will you chase it or risk losing it? Just as market timing is difficult, timing of an (internet) market leader is more difficult and the risks either way (big correction or losing out on further big runup) are high. Gary

To: SJS who wrote (3623)	1/10/1999 9:14:00 AM
From: Doug Meetmer	Read Replies (1) \| Respond to of 19700

The great investor Bernard Baruch once said: "I made all of my money buying too high and selling too low" :)

To: SJS who wrote (3623)	1/10/1999 2:30:00 PM
From: Boon	Respond to of 19700

Steve, do I ever know how you feel! The same thing has happened to me in other stocks, especially recently. I get a conviction about a stock, build a position for a long-term hold, but, if the stock price shoots up quickly, I find that I just have to pare back my position. I just know the stock has come too far, too fast. But I'm always quick to get back in, if I've misjudged the price action. I'll start rebuilding my position immediately, although in small increments.