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To: Jerry Olson who wrote (15767)	6/3/1999 1:43:00 PM
From: Robert Rose	Read Replies (1) \| Respond to of 99985

OJ: <so while we have to accept volitility in any stock/sector from time to time...we also have to be invested for our future...> I am surprised to see you say this. I admit that I do not frequent many of your threads, and but I have run across you occasionally as I lurked over the years. You always struck me as an options/short-term/Vegas kinda guy. (You do live there, don't you??) <5 years HB...just 5...we will not be able to recognize the internet as it is today...some amazing innovations are coming...incredible people of vision...> Can you expound a little? I don't disagree with you by any stretch - just want to understand what you are referring to in particular. BTW, good to see you on this thread. Rob

To: Jerry Olson who wrote (15767)	6/3/1999 2:07:00 PM
From: pater tenebrarum	Respond to of 99985

O.J., i don't fault you for your optimism. it is, after all a very american and highly admirable characteristic. please understand that i am not doubting for a moment the importance and opportunity of the internet revolution. neither am i doubting CMGI's and AOL's respective leadership positions in the field(although that may change). my main gripe was with CMGI's valuation at the time, as it seemed to discount incredible success far out into the future, with little more to go on but faith. i had argued that there would likely come opportunities to pick up the stock a lot cheaper than it was, which was the point of the debate. and my point now is that it is still not cheap enough. of course, the indubitably knowledgeable internet analyst at prudential bache disagrees with me as well: he issued a 'strong buy' rating on CMGI today. mary meeker disagrees with me on AOL: she issued a 'strong buy' on AOL some 20 points ago...surely she must love it now even more than you do<g>. let me also add that it seems risky to invest in such stocks for the long term...this is due to the fact that today's leaders are not necessarily tomorrow's, especially in a rapidly evolving field. but CMGI is a great day-trading vehicle, and i love it for that. regards, hb