Anyone here old enough to remember CMGI? I am, and I do. It was one of the hottest stocks on the planet back in 1999, making new highs every day and becoming a global trading sensation. Once reality began to rudely worm its way back into life, people joked the symbol stood for Can’t Make Good Investments. I think they went to $0. Anyway, SMCI is our new CMGI, and even with the news that it’s being shoved into the S&P 500, pre-market trading still hasn’t beat its high. We’ll see.

