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


To: Dave Dickerson who wrote (8607)5/25/1999 12:34:00 PM
From: Craig A  Read Replies (2) | Respond to of 19700
 
Just got my feet wet at 206. I couldn't stand it any longer.
I need someone to tell me I done good and when to add.
TIA
Craig



To: Dave Dickerson who wrote (8607)5/25/1999 12:58:00 PM
From: Robert Morris  Respond to of 19700
 
Thanks Dave

Post of the day.



To: Dave Dickerson who wrote (8607)5/25/1999 8:38:00 PM
From: Andeveron  Respond to of 19700
 
>> 1. 8-12 new ipo's will be coming out this year, with Chemdex and
>> Engage already announced (I plan on hopping on their bandwagon
>> the AM.that they come out for a short ride (of +60 to +140%)

The CMGI formula was gold when Net IPOs were in demand. Things are changing and the market is not as receptive as they once were to the nets. Look at any of the recent Net IPOs that rocketed on the first day only to tank in ensuing days.

I'm long CMGI but it was the result of a put play - sold the May 240s last month so my cost basis is $200 but things look very iffy going forward, at least in the short term.

Net IPOs are CMGI's bread and butter. When they're out of fashion, what does CMGI have to fall back on?