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

To: badon518 who wrote (4093)	1/16/1999 10:26:00 PM
From: Millionairess	Read Replies (1) \| Respond to of 19700

to all, lycos in fortune mag! cgi.pathfinder.com

To: badon518 who wrote (4093)	1/16/1999 11:06:00 PM
From: sakura	Read Replies (2) \| Respond to of 19700

I'am tired of the bubble-must-burst-thing and comparisons with former bubbles. What makes the difference between the run on internet-stocks and bursted bubbles in earlier strong stock-movements (biotech..)? The difference is that the internet is feeding itself to grow. Connected people buy internet-stocks because they see or feel the potential (internet today is like cars in the 20s). The money flowing into the companies gives them the power to grow. That makes the perfomance of the web better and more attractive to more people, to the big and small bussiness because they have to reach there potential costumers. Internet-brokers surge because internet-connected people want to invest in stocks that way. AMZN surges because it's a really big pleasure looking books in bookstore...but we don't have often the time...so connected people buy AMZN-books and, by the way, AMZN-stocks. The traditional media begin to worry because a lot of people, like me in this moment, prefer posting, chatting (besides reading a good book...), looking up the news in the net than watching stupid soap operas and talking heads in TV. So they have to invest in the Web too....and so on...and so on. How many are connected worldwide today? 100 million, 200 million, 300 million....500 million (a lot less, I think...)? Hey, we are more then 6000.000.000 million on this planet. There is no bubble, these five years of internet as a mass-phenomenon are the very first and little step of A HUGE AND BIG REVOLUTION, that will bring a lot of good and ugly, whatever, things we can't even dream about nowadays. The only thing that will happen is the breakdown of some and the success of others. And, of course, the more the big guys begin to join the game, the more the rules will change. Perhaps, in ten years, looking back, we speak about YHOO and AMZN, with the respect they deserve, like the APPLE IIe's of the late 90s.

To: badon518 who wrote (4093)	1/17/1999 8:14:00 PM
From: Scarecrow	Respond to of 19700

how do you figure that anything under 105 is a bargain? that's 210 (presplit) and 420 (presplit from last spring). now this is a great stock and a great company-- i've been in and out of it a lot last year-- but i'm holding my cash a little longer. this went up 72 in one day pre split and it has only now given back that one day gain. Badon, I'm in your corner. I had put in a limit order for 90, hoping for a "cheap high" bounce. But I think you may be right -- this could slide a bit more. This should only be a concern for market timers, however. I'd be happy with a fill at 90 for a stock that I suspect could double to another solid support level of ~180 in the next 12 months (depending, I suppose on many factors, such as continued or expanded market liquidity and a few good IPOs). I'm reminded of a great post I read elsewhere on SI (I forget where) that pointed out that, essentially, Internet-based retail investors and traders are buying limited quantities of the I-nuts based on their perceived brand. That is, "Hey, I now have Web access and I can invest with E-Trade. What stocks should I buy? Hey, why not buy Yahoo and Amazon??" They're not using anything CLOSE to fundamental research. Just speculating and buying brands like they're buying a Sony VCR or a pair of Nike sneakers. The interesting thing seems to be this dynamic: The more well-known the "brand" of the stock (not for any other reason, it seems), the more volatility it has. That may be why -- as crazy as the ride we've had has been -- it hasn't surpassed the insanity of a YHOO or AMZN or LCOS. I mean, ask yourself: Over the holidays, if you talked to your uncle or cousin about investing and mentioned YHOO or AMZN, they'd instantly know what you mean. Mention CMGI, and they probably nodded and quickly asked for the score of the Rose Bowl, ya know? I think that's one of the advantages of the stock in a way... All of above, of course, is IMHO...