CMGI What is the latest news on this stock? Message Board

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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 (4545)	2/1/1999 2:37:00 PM
From: Jerry Olson	Read Replies (1) of 19700

HI Mark.. i like to sell naked puts on any retracements...since you don't care if the stock gets assigned to you.. just look at the Mar 130 puts there 20 bucks...you sell 10 naked pick up $20,000...and if the stock eventually gets put to you, your cost basis is 110!!!!!! not bad huh??? this is like a no brainer to me??? i'm just waiting for a nice pullabck to sell them for maybe 30??? hehehehe..... BTW i don't do bull spreads...caps the potential upside...i don't write covered calls either...i'm usually buying/trading the big caps, so i don't want to be capped in a runnup... i love selling naked puts...fantastic way to get shares cheap...

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