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

To: LarryCPA who wrote (14150)	11/17/1999 2:04:00 PM
From: Mark Peterson CPA	Read Replies (3) \| Respond to of 19700

Hedging involves the delicate dance between fear and greed. Fear that the stock will test it's lows. Greed that you'll miss out a launch through the stratosphere. Think I found a way to deal with this conundrum. When I get fearsome about my holdings, I increase the size of my position. When I get greedy, I know it's time to hedge. If you lost your CMGI for 160 in January, should you be satisfied with the trade? Only you can answer that question, Larry. But I never try to make all of the profit on a position. Generally leave about 20% on the table going in and 20% going out. The middle 60% sure gives you a reason to be grateful. Been selling calls at higher strikes than 160 and further out than January'00. If the stock gets called, then I've made a reasonable return. It's always OK to let others make a profit on the other side of the trade. Just food for thought... Mark