CMGI What is the latest news on this stock? Message Board

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Technology Stocks : CMGI What is the latest news on this stock?

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To: ajunkh who wrote (2840)	12/15/1998 9:14:00 AM
From: Douglas V. Fant	Read Replies (1) of 19700

ajunkh, Yes! LKG for Jan 2000, and ZCK for Jan 2001. Strike prices will initially be 60,70, and 80. Merrill Lynch upgraded SEEK today and upped its price target for SEEK. That should help all internet stocks.... I could see where you could sell the LEAP, and then use part of the premium acquired to buy a short-term trailing put just to cover your downside in case of big price drops... A potentially conservative IRA-type of strategy with internet stocks- let's see what sort of premiums the LEAPS tradefor and then calculate out a strategy....

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