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: kcmike who wrote (11354)	7/2/1999 10:57:00 AM
From: PAL	Read Replies (2) of 19700

Mike, You are welcome. If margin requirement for CMGI is 75%, then the amount you can use for margin coverage from your CMGI shares is 25%. Check your account. When you bought CMGI, the stock might have 100% margin, so that it was placed on "Cash" account. As such the amount of coverage provided from that "Cash account" CMGI is zero. The past few weeks, brokerage firms have removed CMGI from 100% margin requirement. You can ask the stock to be transfered from cash to margin to allow for margin coverage. Re: OLDE does not subtract out of the money. I am inclined to surmise that the person you talk to is not that familiar. Ask to talk to his/her manager. The triple play is not for everybody. However, in some situation, you might want to take advantage of the "idle" assets. For example: You own MSFT or CSCO or INTC for a long time, they have appreciated, and you don't want to sell them, and you have them free and clear. You can just leave them as they are, or, make use the margin power by doing a triple play. You then need only $ 1,500/100 shares of CMGI since the margin requirement is met by those blkue chip holdings. Best regards Paul

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