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Technology Stocks : CMGI What is the latest news on this stock?
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To: Don Roberts who wrote (851)7/29/1998 11:10:00 PM
From: Todd N. Weisrock  Read Replies (2) of 19700
 
Hopefully I'll soon be in the money with my Sept 50 puts... While I agree that CMGI and it's companies have a lot of potential, there is extremely high risk. A lot of their ventures will never make money. All we can hope is that the ones that do make up for it. I beleive in CMG for the long term, but in the short term, I'm buying puts as a hedge against my entire long portfolio because if the market tanks, the Internet stocks will tank HARD.
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