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: PAL who wrote (7161)	4/15/1999 6:10:00 PM
From: Jeffry K. Smith	Read Replies (1) of 19700

OT PAL - yes, that was me about the April DELL 45's. It wasn't how I could remedy it, as I recall, but was I stupid? Turns out I was... :-( -- I am still up for the month, but lost $2.7K of my profits. That's what happens to me when I divert from my strategy of the moment - which is at the moment created covered calls and spreads. I currently have a 42.5/45 spread on DELL for May, at a cost of ~1 3/8. Thanks for the broker information - I think I recall that Don M. had some trouble with Brown - I will have to ask him about them. Brown is stupid to have such low requirements - they seem too low, to not have some sort of basis against the put price... I will have to check with them as you suggest, and of course think long and hard about selling puts. I don't know who it was but on one thread I saw the idea of buying a stock at $255, selling a long leap for $117, and a put for $?, creating a very low cost basis in case the put was exercised. Interesting idea. I value your input and warnings, and hope to receive more knowledge and guidance. Looking forward to seeing your case studies. Best & thank you, Jeff Smith

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