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Technology Stocks : CMGI What is the latest news on this stock?
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To: Magnifique who wrote (5554)3/10/1999 6:02:00 PM
From: Mark Peterson CPA  Read Replies (1) of 19700
 
Thanks, Magnifique.

I'm not at all concerned about where the last trade was. Just know that on my NAS II Time of Sale, someone placed a $39M bet. Good or bad, you gotta pay attention to where the smart money is going.

It basically won't affect me because unless the stock tanks 50 points and then some, I'm hedged off. If it goes substantially over 220, doesn't make a difference to me. I've made it on the vigorish.

But I often wonder what degree of confidence you need to place a $39M bet. Never bet that much before. Not even in my dreams.

Best regards,

Mark A. Peterson
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