Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mike machi who wrote (9175)	6/3/1999 5:08:00 PM
From: Jenne	Respond to of 19700

A Friendless, Trendless Week By James J. Cramer 6/3/99 4:49 PM ET The market has one goal right now: to drive as many people nuts as possible. NDX gets slammed today. NDX got loved yesterday. NDX got slammed the day before that. Everybody loved the Net in the second half of yesterday's session. Today? Hated it. Oracle (ORCL:Nasdaq), which has been in its own personal hell for so long, today looked heavenly. The drugs, everybody's favorite whipping boy for days, traded terrifically. In other words, the trend is not only not your friend, the trend is a missing person! All of which argues again for doing less. The market is not always trendless. We know that because it rallied from Dow 800 16 years ago. Now there's a trend for you. But during that incredible, wonderful romp -- what the heck, why not give it a couple of superlatives and huzzahs, it is pretty amazing isn't it? -- there were a lot of periods where capital was ground into the dust. This is one of those periods. I know it must seem so enticing to you to jump the Fed gun, decide everything is fully discounted and make a big bet. That's just not my style. There will be plenty of time and plenty of better opportunities.