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


To: PAL who wrote (11351)7/2/1999 4:45:00 AM
From: Tim O.  Read Replies (2) | Respond to of 19700
 
OT - Status on Engage DSPP

Help, I'm out of the country with limited access to the net. Has anybody gotten the email to do a conditional offer for ENGA? I thought this process was happening this week. My account is open, but haven't heard anything yet.

anxiously waiting, tim



To: PAL who wrote (11351)7/2/1999 6:58:00 AM
From: kcmike  Read Replies (2) | Respond to of 19700
 
PAL,

Thanks for the well-described margin requirements on the CMGI triple-play. Two things regarding OLDE are somewhat different than what you show.

First, their margin requirement for CMGI is %75, and I suspect it may go to %100.

Second, they do not add the subtraction of the "out-of-the-money" amount. That would make sense to me. I will check with my broker as he may be doing it incorrectly. I usually have to call them and let them know when their calculations are wrong anyway.

Unfortunately I know this because I have received margin calls on AOL naked puts and writing CMGI put spreads, when their stocks were soaring. Luckily I do not use much margin, so my excess cash took care of most of it. But I did have to maneuver a little bit.

I will check with OLDE. It makes a lot more sense the way you described it.

Thanks!

Mike



To: PAL who wrote (11351)7/2/1999 9:53:00 AM
From: AmericanVoter  Read Replies (2) | Respond to of 19700
 
Paul, first thanks for all your efforts helping us cut the learning time about options...

a quick simple question, in your example, wouldn't $12,500 + commission fees cover your positions completely... 11K for the 100 shares, and $1,500 to add to the collected premiums to cover the possibility of getting PUT...?

thanks Paul

best regards
amein