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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: jaytee who wrote (11920)11/28/1999 1:19:00 PM
From: James F. Hopkins  Read Replies (2) of 14162
 
Jaytee; You would have to remind me of CMGI ! <G> I knew darn good
and well it was a screaming buy back in late September and passed
it up. I hate to even think about it now.
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After the gap up I'd now be very slow to jump on , this looks like
a train that has left the station and while it could keep running
75% of what I could have made is gone.
If I were to play it now it would be with short term spreads
instead of leaps, but on any pull back I would look at the leaps.
She will soon run into resistance and with that gap
it's doubtful she will break it on the first try.
I like CMGI but due to her strong run up & with the gap up, I'm
now prone to wait for a pull back before I get tangled up
in any options.
--------------------
This is one I knew to buy but sad to say I didn't :-(
Jim
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