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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: sam who wrote (9573)	6/10/1999 5:18:00 PM
From: James C. Mc Gowan	Respond to of 19700

Sam: agree re: CMGI; if DW can smooth over in the CC, things may not be as ugly tomorrow; however, I am also more concerned about market in general; if PPI tomorrow and CPI next week do not reverse the trend from last CPI report, Nasdaq could take a big hit. I sold calls against my CMGI position at S/P of 125 for July, and bought some inverse market funds for a little insurance policy. If we go lower on interest rate/inflation scares, I would be looking to go long on techs/nets by latter part of this month; buy low, sell high...I hope. James