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

To: Kirsten Quinlan who wrote (4751)	2/12/1999 2:14:00 AM
From: Millionairess	Respond to of 19700

amusing article from thestreet.com's cramer (worth the subscription!): Return of the Living Net By James J. Cramer 2/11/99 5:14 PM ET So 3COM (COMS:Nasdaq) and IBM (IBM:NYSE) went up and those silly NDX buyers came in at 3:30 p.m. and the 2 p.m. sell hour turned benign and all is right with the world. Tough day for the Bruins! Must have killed them when CMG Information Services (CMGI:Nasdaq) reinjected sanity (bears read: Insanity). They had the tulip bulbs planted and were about to douse the garden with Miracle Grow. Instead, the Net came back as if it were one of those unstoppable pods from Invasion of the Body Snatchers (the classic Kevin McCarthy version, not that bogus Donald Sutherland one). Hey, didn't that take place in the Valley? What a coincidence! Now what happens to all of those big-name strategists who called for a journey to the center of the earth? Next stop, top soil! And how about those nameless hedge fund managers who kept saying the market is going to heck in a handbasket. Gotta send them some nasty e-mails. Actually, I will tell you exactly what happens. Nothing. Nada. Zilch. Zip. What do you think this game is, the Not-For-Long NFL? In this business NFL stands for No Firings -- Lifetime. Everybody gets away with saying anything. And one day the market will be down big and they will get trotted out again to say and whisper negative things and it will be painful and we will go lower again and then we will come back. One day the ethics and fairness of sports will infect the world of money and we will see analysts get sacked and noisy press conferences in which gurus field tough no-nonsense questions. Until then, the money world, for all of its massive importance to us, will lack the rigor of the sports world. Go figure.