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: Kayaker who wrote (10291)	6/16/1999 7:44:00 PM
From: kcmike	Read Replies (1) of 19700

Bob, AS I was also searching for a strategy, I bought CMGI Jun 80 straddles (Jun 80 calls and same amount of Jun 80 puts). They were pretty cheap, since it was only 3 days until expiration, but I was fairly confident that the market would move quite a bit, just didn't know which way! I did the same thing with EGRP this week, but it wasn't nearly the gainer. It was definitely a profitable day for straddles! AOL would have worked really nice too. I closed out my positions for a healthy profit, but I may do it again tomorrow. I think we have time to be positioned before Greenspan speaks, don't we? Mike

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