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Technology Stocks : CMGI What is the latest news on this stock?
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To: edamo who wrote (8168)5/12/1999 4:03:00 PM
From: PAL  Read Replies (1) of 19700
 
edamo ... thank you for your endorsement.

after i complete that triad, i think i am going to have fun: when cmgi goes up, buy back the put, sell another at higher strike price. on correction, buy back the call, and wait until runs up again, selling call again possibly at a higher strike price. sooner or later the cost basis is negative. you get positive return and negative cost basis, ouch ouch ouch, positive over negative, you get a negative return, there goes that math, but ha ha ha all the way to the bank.

mark peterson has been a big help to us as well. thanks mark.

best regards

paul
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