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

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To: DAX KIMPO who wrote (15743)1/12/2000 6:03:00 PM
From: im a survivor  Read Replies (1) of 19700
 
Ahhh I see...you sell a covered call for say $8 premium. Wait a little, buy it back for say $3, and then sell another one for a lower strike price and higher premium.

So you sell one for $8, buy it back for $3, sell another one for $6, and buy it back at $2...and so on ??
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