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: PDL who wrote (4805)	2/14/1999 9:21:00 PM
From: B. A. Marlow	Read Replies (3) of 19700

No problem, loafing. $3K? Sell 5 CMGI Feb 105 covered call contracts (QGWBA) against 500 long shares. You'll collect say, $5.875 X 500, or $2,937.50, less commissions. As there are only 4 trading days until expiration, that's not a bad return, assuming the calls expire worthless. If the stock runs and you get assigned, you come out with another buck, for a profit of $3,437.50. If you're long at a basis higher than Friday's close, you would purchase new shares to perform the buy/write play. Realize you were jesting, but wanted to show it can be done! BAM edreyfus.com

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