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

To: DiB who wrote (8769)	5/26/1999 11:26:00 AM
From: Jenne	Respond to of 19700

Buying the Market's Most-Hated Stocks By James J. Cramer 5/26/99 11:08 AM ET You want your heart surgically removed by a stock? Check out the action in DoubleClick (DCLK:Nasdaq). This morning, all of the yahoos -- and that's with a small "y" for certain -- were piling in and shorts were getting their necks squeezed. Clowns take it up 6. That's the red-hot griddle again. You don't ever want to pay up like that. If you look up "stupid" in the new Internet dictionary, you'll see: adj. [slang] 1 people who pay up 6 for DoubleClick. Now it is down 8. Pilot light off. Gas on. Canary no longer singing. This is simply a breathtaking turnaround, and it is a sure sign of total capitulation. It has such a crescendo feeling that -- yes, again -- I find myself a buyer. But not of this one -- heck, it's too brutal even for this charnel-house spectator. But I have to buy Net stocks when they are this hated. Man, are they ever hated! How much am I buying? Instead of buying 2,500 shares every 15 points down for, say, eBay (EBAY:Nasdaq), I am buying 2,500 every 7 points down. Look, nobody pins medals on anybody in this business. I don't try to be heroic. But I do like to buy Internet stocks when you can. And not just when you have to.