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


To: Jon who wrote (3952)1/13/1999 8:03:00 PM
From: Judy  Respond to of 19700
 
Re: "For those who've been here for the past few months, you've undoubtedly seen "newbies" on this thread recently pontificating about the potential for CMGI, the MM manipulation, and of course the unbelievable trades they've made.........
Don't be fooled. For us "old timers" I sincerely hope that some of you took some profits. Forget these "newbie" cowboys."

Jon, you certainly got that right. Here's my post to someone interested in chasing cmgi very late in the game.

Message 7252252



To: Jon who wrote (3952)1/13/1999 8:48:00 PM
From: Guardian  Read Replies (1) | Respond to of 19700
 
good short-term/trading advice if you time your sell right. otherwise you'd best go long on this one. the inclusion of aol on s&p 500 has ramped up internet stocks to a new valuation level, unfortunately for the naieve, not all. only the blue chip ones like cmgi (just getting recognized) and aol, yhoo, amzn, imkt, nsol and others. the trick there is to figure where the balloons are. my bet is aol and cmgi, nsol a good bet on dip (forgetting the lu,ibm,csco,etc).

I am terrible on timing and missed a 20k profit but i found a collaborator and SEEK to do better (no pun -- i'm into xcit for takeover potential and relative beat-down pricing (a good criteria for internet buys). the time ahead is one to seek winners in those internet stocks meeting more conservative standards, namely a profit/takeover bet or tremendous sales momentum/technology in the mainstream of growth.

IMHO of course.



To: Jon who wrote (3952)1/13/1999 8:58:00 PM
From: Sowbug  Respond to of 19700
 
Jon, good post on Instinet trades. In fact, Cramer wrote an article about a year ago about how after-hours trades are often used to manipulate short-term investor sentiment. Where else but on Instinet, in a stock that averages millions of shares traded per day, can you have Maria Bartiromo and hundreds of Silicon Investors discussing your single 100-share trade that's special and somehow more prescient only because it occurred when the market was closed?