Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (26890)	3/11/1999 12:58:00 PM
From: Jenna	Read Replies (3) of 120523

CMGI okay my hedge is up 2 option points (the 165 march puts)(10 puts) on CMGI =$2k.. down 4 points on 200 shares 38,800 the trade cost down to 38,000 after the sale for a loss of ($800). The result of my hedge on cmgi so far is $1,200 dollars gross profit subtract 60 dollars for the trade of options and another $40 for the stock.. so its about $1,100 profit so far on what could have been just an 800 dollar loss if I had panicked or had not predetermined this strategy already on Tuesday. This should have given me another 2k that I missed when my last put did not go through because of failure of communication.. Is this worth it? probably not which is why I don't like scalping. but if the original order had gone through on Tuesday then yes.. for a total of $3,100 that would have been better. Maybe later on in the day it will be worth it 'cause as I calculate this the options have appreciated even more.

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