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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 (5755)	3/11/1999 8:32:00 PM
From: Scrumpy	Read Replies (2) \| Respond to of 19700

I think by not splitting, daytrading effects are diminished, don't you? Throwing/SOESing around thousand block shares at $200+ is tougher than doing the same at $70/sh. Any thoughts on this?

To: badon518 who wrote (5755)	3/11/1999 8:55:00 PM
From: GrokSoup	Read Replies (3) \| Respond to of 19700

Interesting arguments made by CMGi management on the split front. The thesis that you shouldn't split because it will do your float little good is interesting, but not entirely tenable. While people might like the extra shares, as Wetherell et al., argued, investors will eventually sell into price gains. Alternative explanations? Splits are increasingly becoming a carpetbagger bit of business, a way to pull in naive investors; I think more sophisticated managers are getting split-uneasy. I applaud CMGi's decision to resist the you-gotta-split drumbeat: split when it makes sense for you, not just because it appeases greater-fool instincts in some longs. P. groksoup.com