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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 (7736)4/29/1999 11:46:00 AM
From: DataBits  Read Replies (2) | Respond to of 19700
 
Mark: CMGI $200-220 buy range.

The sell-off has strength and may last until Monday. I think we may hit the $200-220 buy range. This is will be a great opportunity to add more shares.

Good luck.



To: Mark Peterson CPA who wrote (7736)4/29/1999 1:45:00 PM
From: DJ Oglesby  Read Replies (5) | Respond to of 19700
 
Mark:

<just proposing to increase the number of shares os>

Maybe you can help me understand something. First, I assume a company wouldn't seek to have additional shares authorized unless they planned to actually issue some or most of those additional shares at some point in the future (probably the near future). If a company has X shares issued, and my piece of the pie is say 10 cents per share, wouldn't my slice be cut in half if the company subsequently doubles the number of shares outstanding? That's rhetorical, because I know the answer is yes; my real question is "why doesn't this little detail bother anyone but me?" Authorizing additional shares diminishes the value of the shares I own. Case in point- March 31 DCLK financials - they had an increase in revenues, and appeared to have a decrease in loss per share, but they really had an increased loss per share if you take into account the additional shares (almost 100% more) issued over the comparable periods. I never hear this point discussed, so I figure maybe I'm missing something or oversimplifying. Any clarification will be greatly appreciated.

Best regards,
DJO



To: Mark Peterson CPA who wrote (7736)4/29/1999 2:40:00 PM
From: Tim Cruise  Read Replies (1) | Respond to of 19700
 
OT: Mark, how difficult is it for MM's to keep a stock in a small trading range? I am looking at COMS. Everyone is saying that the MM's are holding the stock to todays range despite great positive cash in-flow. Is this really possible? Thanks in advance, Tim