Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Craig Rogers who wrote (6965)	4/12/1999 8:55:00 PM
From: HG	Respond to of 19700

Well I've been waiting for a pullback for over a week. All cashed out and ready - but nowhere to go ! It will correct, but it may correct at 400 ! Who knows ?

To: Craig Rogers who wrote (6965)	4/12/1999 9:03:00 PM
From: bargainman	Read Replies (2) \| Respond to of 19700

It's all quesswork. I thought I was being slick when I sold last Friday at 256 1/2, figuring we'd see the kind of retrace that followed the runup to 226 a few weeks ago. But nooooooo! When I checked in this morning and saw that it was just a few points under the Friday close, I scrambled to get back in at 261. Man, it's like feeling the bullet whistle past your ear. I am less tempted to sell now at 302 than I was at 256. There is no reason that I can see to expect a significant correction before the May split. Nothing has changed, except perhaps a few more people and institutions have discovered us. The funds have been very slow to respond to Internet stocks. I scanned the Morningstar tech leaders recently and found a mere sprinkling of internets in their portfolios. They can't stay away much longer. I pulled all my money out of mutual funds last year and started doing my own stock picking. I kept my last mutual fund portfolio, which was a fairly aggressive one as funds go, in my DLJ program to compare progress. I have more than doubled my portfolio value since last August, when I dumped the mutuals. All I see is more institutional money coming in, more IPOs to pump the price and years before the true ceiling of CMGI can be truly calculated. Just my opinion.