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


To: stock_bull69 who wrote (9232)6/4/1999 11:51:00 AM
From: McNabb Brothers  Read Replies (1) | Respond to of 19700
 
49erSteve,

>And what is your agenda on this thread besides trying to scare the small investor out of his or her shares?<

Come on Steve, please tell this thread what your agenda is on this thread! There is room for both the longs and the shorts on SI, so do not get all upset when one does not see it your way! I doubt very seriously that the small investor selling his or her shares would help a short seller that much anyway!

Hank
P.S.-I'm short CMGI by way of naked calls sold and have been for about 2 to 3 months now. Had some May that have expired worthless and have a bunch of June's and September's sold now! Watching the time value drop almost ever day for most all of my are 250 strike prices or higher.



To: stock_bull69 who wrote (9232)6/4/1999 12:28:00 PM
From: JScurci  Read Replies (2) | Respond to of 19700
 
Steve, I respectfully disagree on which direction this "apology"
should go. Mark asked who I was and I replied. I'm still waiting to see him disclose that which he asked from me. Quick to post the purile
but slow to respond with facts Mark. As for agendas, I wouldn't overly
inflate the importance of these threads. I certainly would not make
any investment based upon what I read on any thread and would emphatically suggest that others do the same. I am aghast when I learn
that people do in fact engage in such reckless judgement which only
proves my point that increasingly more and more participants in this
markets are nothing more than rank amateurs engaged in seat of the pants momentum investing and reckless day trading. More time should be spent asking themselves: What am I buying? What is this entity earning? What will this entity earn next year and the year after that?
What is the present discounted value of those earnings? How does that
compare with the present price of the stock? I'm afraid today's
investors are not asking themselves these hard questions. They are
sadly buying into a story whose legitimacy is based on blind faith.
Sadly many have already been hurt by this faulty "investment" process
and I'm afraid many more will be hurt in the weeks and months ahead.
I would like to be a voice of caution to those who may not be fully
equipped to exercise prudent investment analysis to that which is the
object of their investment desire. It's unfortunate that people like
you are so closed minded that they cannot even stand the mere presence
of a dissenting point of view. If you are so convinced you are right
about the merits of being long CMGI it should not bother you that there is someone like me that disaggrees. After all, for every buyer there is a seller - that's what makes markets. Your dogmatic bullishness does not bother me in the least. In fact I should be delighted, after all how else would I have gotten my shorts off.
Perhaps upon reflection I should be thanking you and Mark.
yours thankfully,
John