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

To: SJS who wrote (5949)	3/13/1999 10:36:00 AM
From: sam	Read Replies (2) \| Respond to of 19700

The factors you mentioned can and do change on a dime. CMGI was hit hard after the LCOS deal was announced, then proceeded to almost triple in price in the matter of weeks. In the last week or so its down 60 points -- or 30% off its high. Momo players are quick on the draw. Just as they jumped in, then fled CMGI they'll be back if there's movement. But it'll be the funds that help produce the major movement. Momo players will just increase the move. And CMGI is currently drumming up institutional support like its nobody's business. That, and the new internet broadcast venture, brought a lot of new money into CMGI. And -- for better or worse -- Weatherall is beginning to be viewed as one of 'the' internet visionaries. That said, there is ALWAYS risk in stocks like CMGI. CMGI is about the future of a business Wall Street has yet to get a handle on. FWIW, I believe there is a small chance a deal will be worked out for the "private" sale of CMGI's LCOS stake. That would clear up several major hurdles. The price? My guess somewhere well above market.

To: SJS who wrote (5949)	3/13/1999 4:01:00 PM
From: B. A. Marlow	Read Replies (2) \| Respond to of 19700

Incisive coverage of the "issues," SJS. A nice piece of work. You lay out all of the conflicts in perception and sentiment. Maybe the best strategy for a trader is to wait for the dust to settle and catch the next news-driven up-leg, leaving a pile of points on the table. That's your MO-MO maneuver. But traders will burn a lot of energy second-guessing the dynamics. They're always a press release away from a melt-up. In my own case, I thought that yesterday's weakness was enough of a current buy-in opportunity that I took Jan 01 160 LEAP calls for $67 and change. If CMGI tanks more (it could close the gap in the low $150s), I'll buy higher, out-of-the-money, strikes as well. Frankly, I see this Internet stock valuation contest as a tempest in a teapot. It's certainly fascinating. But it's a Monica-like contrivance created by the media and it won't have legs. The LCOS deal will get "fixed" or done elsewhere; the smart money knows this. (With the same deal points, the whole mess would have been avoided in the first place if LCOS had simply been set up as the acquirer.) In the meantime, they're giving away CMGI. AOL's market capitalization is 10+ times CMGI's; CSCO's is 18+ times CMGI's. Free money here. BAM