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

To: Jenne who wrote (8872)	5/27/1999 9:31:00 AM
From: S.A. Smith	Read Replies (1) \| Respond to of 19700

I came across this post on the RB site a while back. I think it's a good analogy.I too have been long for over two years now and believe it or not, you do get used to this "ride" provided you believe in the company. If you don't know why you bought, I can see how this would be no fun at all. By: BullRider Reply To: 6754 by CoolHandLuke Saturday, 6 Mar 1999 at 9:54 AM EST Post # of 20017 For what its worth: Like a few others who have posted I've been holding CMGI long for a few years now. Cost Basis (split adjusted) of 4. It has been a wild ride. Sometimes pretty dang boring. Sometimes scary as hell. Sometimes more fun than oughta be legal. I was introduced to the CMGI "story" in an off-topic computer industry magazine article. A little blurb describing CMG, DW, and their @Ventures fund. One of the quotes from the article which stood out for me was from David Wetherell: "...We intend to make a lot of money for our shareholders" or something like that. At the time, Lycos had just gone public and was trading for 13, CMGI was 16. I did some homework, liked the business model and plan, and thought, hey, for $16 I can get half a share of Lycos and all these other (at the time 9) companies some of which will eventually come public. I ain't that smart, but it sure seems like a good deal to me... Four months later David thanked me with some Lycos shares. They have now turned over about 15 times. I got lucky and caught the GeoCities IPO from E*Trade at 16. Nine months later its over 100. And we all know what CMGI has done. My point isn't to brag. (Although it is kind of fun seeing those numbers right out in front of me like that) I just wanted to pass on a little "old timer" experience with the new people on board the CMGI Express... 1) Do your own homework. Don't rely on the words (even my own) of a total stranger. Check out the company, its fundamentals, management, TRACK RECORD, and then buy - or don't. 2) It's a real tempting stock to day trade. Beta is over 2. And I'm sure a lot of people have made some quick cash doing so. But as another poster pointed out, you pay short term capital gains, risk getting left behind on some steep and fast runs and having to buy back in at ever higher prices. 3) If you do decide to buy, cinch up the rope and hang on. Regardless of the direction of the market, Greenspan, Asia, Brazil, currentcrisisoftheday, the upside potential of this company is staggering, IMO. Only if my perception of management and the CMGI story changes would I even think of selling. Sorry to run on. Just hate to see people buying blindly then panicking and shooting themselves in the foot because they don't know why they bought in the first place other than the stock was going up. It does. It also goes down. Sometimes faster than it went up. That's the market. Is this a good point to get in? Hell, I don't know. Do your own research. FWIW I think five years from now this price is going to seem dirt cheap. The Internet isn't going away. IMO the guys running this machine are brilliant. Shoulda named the company Midas. Everything they touch turns to gold. They're much more "internet diversified" than a company like ebay, or amazon. And getting moreso everyday. On the rodeo circuit, you stay on a bad ### snorting up and down jumping twisting turning mean mother f'er bull for eight seconds they give you a big shiny buckle and some cash. We're probably only about 2 seconds into the CMG ride, so everybody just hang on and keep your eyes on the prize. You'll be glad you did.