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


To: loafing who wrote (4773)2/13/1999 2:11:00 AM
From: HG  Read Replies (1) | Respond to of 19700
 
Nobody can make a decision for you, but here is what I did with my stock when the market tanked...I couldn't think it would be such a drop...

In my current lot of CMGI -

Bought at 138, averaged down at 125, averaged really down @92, sold part (the 138+92 part) @110-115, holding 125 part for a better price. Then bought Jan 100 calls when stock was 106 - as a long term investment (will roll up when necessary). Will average down the stock and sell the remaining stock soon...break even or some profit...

Or you could just hold for a few more days....and then decide...
Or you could cut your losses and put it down to experience....

Depends if you think CMGI will or will not grow...

Personally I get nervous when I'm in the red...

Hope that helps you plan your exit.....or a longer term strategy



To: loafing who wrote (4773)2/13/1999 2:12:00 AM
From: Brian Malloy  Read Replies (1) | Respond to of 19700
 
Well Mr. Loafing

Judging from the three posts attached to your name I'd have to say that you are a complete novice and are in way over your head. I sense fear and this will cause you to loose money. I think you have two choices.

1. Sell, chalk any losses up to experience and put your money in an INDEX fund

2. Step back, take a deep breath and spend the time to quickly run through the last 100 posts or so. You will come across about three or so lists put out by Internet analysts and magazines that list the top 10 Inet stocks with best outlook for '99. CMGI makes every list. If you are a patient person then hold, if you are not then get out.

Bottom line, no one can really answer your question but you. For me, I continue to hold CMGI.

Regards,



To: loafing who wrote (4773)2/13/1999 9:48:00 AM
From: Dave Dickerson  Read Replies (2) | Respond to of 19700
 
Hi there- my humble opinion is that unless you need to have this money to buy beans, you should hold with a target of at least $150 by year's end. Why?-blowout earnings,up 200-300% from first call estimates,release of 4-6 new hot IPO's,new companies being developed.
Now I could be wrong, the internet could fad away like overpriced tulips, there could be no more E-commerce developing and the age generation from 15 to 38, will lose their ease of working on the computer and the web and will just revert to hand calulators and 10 inch green old tv monitors with no connection to the outside world(.-)
I'M HOLDING JUST LIKE YOU SHOULD.
DAVE DICKERSON



To: loafing who wrote (4773)2/13/1999 10:55:00 AM
From: S.C. Barnard  Read Replies (1) | Respond to of 19700
 
Loafing:
I've been there. From the way it sounds you want to get your money out, to probably use it somewhere else. When you want to do this, you should definetly keep it in mind right when you buy it, and if the price should fall, you *have* to make (I do it this way) a mental stop, where you will sell. You're going to lose $, but not like you'd lose it now, bigtime. If you put in a stop loss, some disagree, but mm's will see your order, maybe dip down, pick it up, and you will have lost,(sold for less) and the price could come back up.

Try to look at a chart before buying to see whether it likely could have a profit taking (has had a run already and now you want to buy) This could be a bad place, and the price could come down again.(better buying deal) It often looks like it goes straight to Mars, but it makes pit stops. Dont chase it. It's frustrating as heck, but all the more reason to buy and hold, so you maybe don't have to buy so often.

If you need the cash, sell it, or if you can wait, wait. I'm sure it will come back to 130 soon. If it gets near, and you think it may not make it, sell it there, maybe buy back lower.

Good luck!



To: loafing who wrote (4773)2/15/1999 6:42:00 PM
From: Dophano  Read Replies (1) | Respond to of 19700
 
Brian --

Sorry if a few of my fellow posters were less than polite. What I'd suggest is that you spend some time on CMGI's web site (in particular, look at range of companies in their portfolio, and the breadth/depth of mgmt expertise), and also reading some of the articles (both pro and con) referred to within earlier posts.

What I believe you'll find (again, just my personal opinion) is that CMGI is an excellent long-term "portfolio" play similar in some ways to buying into an internet fund. It is not a "one trick pony" stock, but rather has multiple investments, in multiple companies, overseen by VERY sharp professional managers/investors. Unless you need the money tomorrow, great company to buy on the dips and not track/trade on a daily basis (in other words, don't worry so much about the Lycos deal as 1. its only one part of their portfolio, and 2. these guys know much more about making money in this industry than any of the posters on this thread - no insult meant to anyone)

Best of luck in whatever choice you make.

Dophano



To: loafing who wrote (4773)2/15/1999 9:25:00 PM
From: SJS  Respond to of 19700
 
Tsk, Tsk. WHY DID YOU BUY CMGI? If you can't answer that honestly, sell it. If you bought it to make fast money, you haven't. If you think it will only go up, it won't.

Did you buy it with money you need for your rent, or can you put the stock in a drawer and forget about it? If you can, do so.

Here's a hint. Whenever you buy ANY STOCK, ask yourself 3 questions:

1) Am I investing for ST or LT?
2) What is my upside profit goal?
3) What is my downside loss point?

Good luck in your investing.