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: Sir Auric Goldfinger who wrote (9810)	6/12/1999 1:01:00 PM
From: LTK007	Read Replies (1) of 19700

I agree I think the margin call factor is in major play now--it is my amateurs understanding that while brokerages can hesitate on calling in margin at 50% line,the fact is at 70% line they by law must call--look I am a "softie",I don't like to think of people getting calls and not being able to cover--but that is the dangerous game they played--but also weren't a number of these stocks not marginable for some time,such as AMZN?I hadn't been keeping track as not only don't I ever margin,I also keep a significant amount of cash on hand just in case. Am 75% cash now,but as my money in is on the buy-side,would rather be 100%. I am thinking these high flyers our inevitably heading back to their 200dma--which is still a ways down--looking now to buy puts.Max

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