To: Islander who wrote (3649 ) 1/10/1999 4:32:00 PM From: S.A. Smith Read Replies (2) | Respond to of 19700
Well put, Islander. As one of those "long time holders" (3 years+) enjoying a significant gain, I couldn't agree more. I became an owner of this company because I read about their business, was intrigued by it, RESEARCHED the company, and determined that it was worth risking my hard earned money. If one truly believes in this company and its story, why would he EVER want to sell until its story changed? How many people from the mid 80's got rich day trading Microsoft compared to those who simply bought and held through all the ups and downs? I have been monitoring this thread since the days when there was very little activity. I enjoy reading the posts, but they will do nothing to influence my decisions. I find it particularly troubling when there are posts asking complete strangers "what is a good entry point?" "Does anybody have a list of the companies CMGI is involved with?" "I heard there is a split coming up, when is it?" Come on, this information is not difficult to find or interpret. I pity these folks, because they are obviously too lazy to do their own DD and too trusting of the opinions of others. If one does not understand the basics of the company he is investing in, he will too easily be swayed by rumors, gossip, the media, you name it, and will both buy and sell at the wrong time. If one is comfortable with his understanding of the company's management, business plan, and industry, he will sleep well at night no matter what the stock does each day, because he KNOWS that three, five, ten years from now he is going to be deservedly rewarded. I will get off my soapbox now. Just wanted to share some hard learned lessons and maybe save a few souls. Good luck to all, no matter what your strategy. Go CMGI ;)