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

To: bargainman who wrote (12660)	8/21/1999 1:20:00 PM
From: Scarecrow	Read Replies (1) \| Respond to of 19700

Bargainman -- Do you remember the Seinfeld episode where there was this creepy/weird guy named "Jimmy" who'd only refer to himself in the third person? "Jimmy really likes you." "Jimmy wants to meet Elaine." I feel like he's been reincarnated here. "Jimmy really likes CMGI. It's his stock-of-the-month." "Jimmy hates CMGI, now." "Jimmy's going to go shoot hoops." Anyway, your post made me laugh.

To: bargainman who wrote (12660)	8/21/1999 1:48:00 PM
From: Topannuity	Read Replies (2) \| Respond to of 19700

Re: CMGI There is an option strategy I've read about but don't fully understand which some of you may be able to clarify and which may work very profitable for us with regards to CMGI. The idea is to sell a call option against your long position, all done at very low cost or risk. Here are numbers I saw posted on SI a few weeks ago... You buy 100 shares of CMGI at $80. That's an $8000 outlay. You sell a January $80 call with a strike price of say $10 for which you are paid $7000 ($8000 less the $10x100). So now you are holding 100 CMGI for a net outlay of $1000 (plus commissions). I don't know what happens in January if the value of the call is $0 or $20 (either extreme from $10). But maybe you can answer this question. In any case, if the strategy makes sense, you can leverage many accounts with 100 CMGI each for one-tenth the outlay. Your thoughts?