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


To: bargainman who wrote (6968)4/12/1999 9:14:00 PM
From: Foo Bar  Respond to of 19700
 
do you see this is a long term holding stock or a trading stock?
what i mean by long term is that taking aol and yhoo as an example, more population of the world will get on-line and internet will become part of their lives, just like PCs have. Would this stock in your mind have the same mindshare, marketshare, and business strategy to have the same level of value as the aol's or the yhoo's?



To: bargainman who wrote (6968)4/12/1999 9:23:00 PM
From: Craig Rogers  Read Replies (4) | Respond to of 19700
 
I've been trading for 11 years now and have never seen stocks go up like this. People who are new to the markets think 30 to 50 point gains in a day is normal.

It used to be if your stock went up 3 - 5 points you were ecstatic.

I'm not making the same mistake this time. I've made a bundle and I'm not loosing it.

Last year at the end of April was about it. If I stayed out of the market at the end of April then bought back in Oct 8, I would be giving Gates a run for his standing in Forbes.
Just kidding.

I think it will happen again.

End of April there will be a gradual decline the rest of the summer.

The internets will have to correct sometime and when they do, you thought that they went up quick. Wait till you see them drop.
It's the law
Also the day CMGI split it gapped up then went down $70 and slowly went down from 130 to around 100 then it started to move.

The day it splits so am I.
Just MHO.

Craig