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Technology Stocks : CMGI What is the latest news on this stock?

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To: Mark Peterson CPA who wrote (15557)1/7/2000 8:21:00 AM
From: TimbaBear  Read Replies (2) of 19700
 
Hello Mark!

I'm not sure I am clear on some of the thinking you're doing on hedging....please excuse me for being dense (it's genetic!)

I've done my DD on CMGI and have decided that the long term prospects for this company are really superior....I won't get into what I think the stock price appreciation might be as I'd probably lose credibility in some circles....but suffice it to say that I plan on owning it as long as I see CMGI executing on plan or better (which I anticipate will keep me in this stock a minimum of three more years).

Given all of that, why would I pay for options?....I know that you say that you view them as insurance premiums, but whole life is an insurance premium whose investment strength is inferior....I've played options some and have come to the conclusion that the deck is really stacked against you....I think I view options kind of the way your argument goes against selling because of tax implications....I guess the issue is that I just don't see how playing options as insurance can do anything for me, the long term holder, except to reduce my yield.

Any clarity you can offer will be appreciated.
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