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Technology Stocks : CMGI What is the latest news on this stock?
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To: Diabolique who wrote (1475)8/12/1998 5:15:00 PM
From: Andeveron  Read Replies (2) of 19700
 
>> More than likely. I got out of CMGI today. Had to protect
>> my profit

Looks like a lot of people bailed today. I kept my entire position and wrote covered calls. Premiums are rich and protect from a major downdraft. If the price falls, you buy back the calls and rewrite them lower. Anyone else using this strategy?
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