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Dear Millionairess,very few institutional money managers will risk their job and bonuses by buying Internet stocks,maybe except AOL YHOO,doesn,t matter how poorly they trail averages HD,CSCO,MSFT,etc will always make them look wise and keep the kick,s going..... When the game of volatility will be over they may join the party,but it will be too little to late ...In a meantime enjoy the ride....while they can,t... and BTW,why should You spend money and nerves on UP/DOWN ride of CMGI LEAPS, including time/premium problems,when...... You can sell puts on CMGI... JAN 120 is $26, the worst that could happen to you..... you will buy stock at 94 and by selling 10 puts....... you will make $26K in the process.... if the stock will go above 120,which is entirely possible you will keep the same $26K and never spend one cent on the stock altogether... Regards, Magnifique |
