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: Diana who wrote (5812)	3/12/1999 6:51:00 AM
From: Dale Baker	Read Replies (1) of 19700

If I had a non-taxed account, that's where I would trade in and out. I would buy and hold the other half in the taxed account and let it ride. As long as you can take the 50% drops, you're OK. Can you buy puts in the IRA account? With CMGI, your trading doesn't have to be too fancy. It tends to run up for earnings and keep going if there is a split. No split, it will tank sooner or later back to old resistance levels (150's or even 130's this time). That's the time to buy for the next runup. If you like short-term swings CMGI offers those too, usually 20 - 30 points at a time. I have taken 10 and 15-point profits a couple of times before the big runups started. I bought my last long shares at 124 a couple of weeks back, sold half at 210 and kept the rest for earnings, then added a couple of March 150 puts as a hedge. Good luck. CMGI is a great company and an absolute cash machine for traders and investors alike. Some of the less-predictable Internuts are good for day trades - GEEK was a nice target yesterday. The advantage is that you don't have to take them home at night.

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