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

To: Mark Peterson CPA who wrote (7277)	4/19/1999 2:07:00 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 19700

Mark: Your above comments are (as they almost always are) correct. These sector rotations are strictly generated by market analysts and TV commentators who are looking for fresh financial topics to fill the air-waves. Does anyone on this thread think that the internet stocks are any more "overvalued" than they were one month ago? Would you rather have your portfolio loaded with oil-stocks, small-cap stocks that will collapse and never recover with any piece of adverse news or earnings, cyclical stocks like paper, energy, etc. etc. If so, GOOD LUCK!! I'll hold through this tech/internet correction and wait for the inevitable sharp rebound, when investors return to their senses. My only sympathies are with investors that jumped in two or three weeks ago when CMGI was at 280-300 and are now down substantially. If you are in this position, do not sell at the bottom and lock in a steep loss. Hold on through a few of these tech/internet cycles until you have a nice profit or can sell a portion of your position(s) at long-term capital gains rates. Then, these non-fundamental "sell-offs" will not be as disconcerting.

To: Mark Peterson CPA who wrote (7277)	4/19/1999 10:32:00 PM
From: FDHIII	Read Replies (2) \| Respond to of 19700

>>>the stir about sector rotation is all a charade to generate trading commissions. After all, how does a brokerage firm make its money? They advise you to rotate out of one sector, get the commission on the trade, and get to cheat you on the execution, whenever possible. Then you rotate into their recommended sector, pay a commission to get in, and are cheated on the execution because of "fast market" conditions.<<< I admire your honesty, since you've been there and done that. (to some degree) I mean that in the most sincere and 'non' smartass way though, I've just had a very bad day and you've given me new hope for tomorrow.....I think your right on target with your comment though. take care, best wishes- F~