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: JScurci who wrote (9224)	6/4/1999 11:00:00 AM
From: jackhach	Respond to of 19700

It's all relative. 2/3rds of all shares are almost always just changing hands. That is true of nearly any growth stock (and becoming more so.) The difference is that the institutional money ("kids or not") dictate the general/prevailing pricing at the end of the day. You have unintentionally made our point. Money is money -- regardless of who is managing it. Those with a lot of it (kids or not) can pick and choose what they want to buy/sell -- and the price responds accordingly. Your argument that daytraders create a "weak" base of shareholders is simply faulty. It may create more volatility, I'll grant you that -- but it does not reduce/increase the value of any given stock at any one time. It is only when you get the overwhelming majority of daytraders to be "thinking" alike that your argument would have some credence. Based on the varied thoughts offered on this thread (and any other)-- you'd see that it is hard to get anyone to think alike. In fact the more participants you have -- the more neutral/wash as as statistacal supported rule. Sort of like popular votes tallied in presidential elections. -JH

To: JScurci who wrote (9224)	6/4/1999 11:00:00 AM
From: jackhach	Read Replies (1) \| Respond to of 19700

It's all relative. 2/3rds of all shares are almost always just changing hands. That is true of nearly any growth stock (and becoming more so.) The difference is that the institutional money ("kids or not") dictate the general/prevailing pricing at the end of the day. You have unintentionally made our point. Money is money -- regardless of who is managing it. Those with a lot of it (kids or not) can pick and choose what they want to buy/sell -- and the price responds accordingly. Your argument that daytraders create a "weak" base of shareholders is simply faulty (and has yet to be proven.) It may create more volatility, I'll grant you that -- but it does not reduce/increase the value of any given stock at any one time. It is only when you get the overwhelming majority of daytraders to be "thinking" alike that your argument would have some credence. Based on the varied thoughts offered on this thread (and any other)-- you'd see that it is hard to get anyone to think alike. In fact the more participants you have -- the more neutral/wash as a statistical supported rule. Sort of like popular votes tallied in presidential elections. -JH