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

To: LemurHouse who wrote (10206)	6/15/1999 11:51:00 PM
From: Mark Peterson CPA	Read Replies (2) \| Respond to of 19700

Andrew, I don't try to put a value on CMGI. The market does that for me in real time every day. Although the market and I may differ in our respective musings about value at any given moment, the market is usually right. I've long ago surrendered the idea that I was smarter than the market And that means if you're setting a position in this stock, you set it with the tools the market provides: stock, calls, puts, and sometimes a cast iron bathtub to protect you from falling debris. And whatever side of the bet you're on, hedge your position. It still leaves some elements of risk to give you the thrill of a fast run without casting the prudent man rule to the wind. BTW, the last 600 or so posts generally addressed the uncertainty in the marketplace in general (interest rates, CPI, Kosovo, and the next wall of worry...) and the IPO market in particular. And during that time frame, if you were more likely inclined to believe the market and the generally informed remarks from members on this thread for the short term, you could have purchased the June 90 CMGI puts for 2 - 2 3/8 as a hedge against your net long position. I did. And IMO, this stock is nearly as good as it gets... Best regards and good investing, Mark A. Peterson