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Technology Stocks : CMGI What is the latest news on this stock?
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To: stock_bull69 who wrote (9369)6/7/1999 3:04:00 PM
From: Mark Peterson CPA   of 19700
 
Everyone's probably already noticed this, but there were 100 and 200 lot purchases of CMGI call options in the June 67, 85, and 90 strikes this morning.

But it gets better.

There were similar purchases in the Jan 2001 90, 100, 125, and 140 options.

To put it in perspective, you buy a Jan 2001 for $50, that's $5,000. You buy a 100 lot, and that's $500,000.

As many of you may realize, smart money appears to be moving in a big way into CMGI today.

Mark A. Peterson
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