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

To: Jenne who wrote (5339)	3/8/1999 7:32:00 PM
From: Peter Greenhill	Respond to of 19700

I bought at 111 at end of January for long term. Assumed short term action was over for the time being. Have now almost doubled my money(Taking account of £/$ currency movements. There may well be a correction but I am holding on for 3-5 years at least.

To: Jenne who wrote (5339)	3/8/1999 7:32:00 PM
From: bargainman	Respond to of 19700

Thanks Eric for the info. I forgot about the 5 % issue. I don't see any justification for such intervention into CMGI. They aren't much different from a public holding company. Part of point of mutual fund regs is to protect investors from a fund being overconcentrated with a small selection of companies. But I'm not aware of any regs that are intended to prevent a venture capital company from; 1) being public; 2) selecting the investment it chooses on behalf of its investors. The existence of a company like CMGI makes venture-type activity more accessible to the average person and should therefore be encouraged. Can anybody enlighten us on securities law on this?

To: Jenne who wrote (5339)	3/8/1999 8:55:00 PM
From: Rick	Respond to of 19700

But recc's turn into downgrades at most investment houses after 100% appreciation in the course of less than a month. (assuming they are logical) Of course - some houses issue buy rec's just before they want to dump their stock...At a certain price - no matter how good a company is - or how promising it's future - the stock price becomes overvalued. In this case - this one is waaay overvalued... Promising over the LT yes - positive over the ST no. If lucky - you might get one more good day of gains out of this thing - if for no other reason than short covering..but that's about it for the ST. The "blowoff" (almost always a sign of a top & where the suckers get in) was today..