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

To: PLeaps who wrote (12664)	8/21/1999 4:13:00 PM
From: sjemmeri	Read Replies (1) \| Respond to of 19700

Paul, The strategy I discussed earlier with Top would involve selling a deep in-the-money call. I sold a Jan $15 call so the net investment is 1500 (8000 for 100 CMGI - 6500 for the call). This is not a play at income on the shares like out-of-money call but rather a very low risk way to hold shares of cmgi for DSP. BTW, I just contacted CMGI about continuation of DSP for NAVI, etc. and they repeated their stance that they intend to continue the program but reserve right to drop it at any time and stay tuned for details. I know some here don't like discussion of the DSP but I wanted to clarify this strategy. steve