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Technology Stocks : CMGI What is the latest news on this stock?
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To: ClearSky who wrote (14548)12/6/1999 5:27:00 PM
From: HG  Read Replies (2) of 19700
 
Thank you Jeanne for butting in. 40% may be the new world phenomenon and may be true. All I meant to point out was that stocks have the greatest chance of running up if the puts are piled up ahead. As the chart shows, there is no put activity - and that isn't a good indicator to me.

Of course CMGI is still firing. I plan to start buying puts at around 300 - so we have another 30 points to go. Besides, even otherwise a $100 rally will result in *certain* amount of profit taking at 300 I would think.

In the end - we are all responsible for our own investment decisions. I have often regretted selling too early and not maximising my profits. But my greatest regrets have been not protecting my profits because these translate to profit losses...

BWDIK ???? :-)

Happy trading.
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