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

To: F50 who wrote (14590)	12/13/1999 2:32:00 AM
From: Chetman	Read Replies (1) \| Respond to of 19700

Hi Joe, I just responded to your PM from 11/9 today. I've just been so busy with this crazy market I haven't had time for the boards. Besides, now that the stock has ramped up there's nothing much to do but look for an exit point. With options, the easy part for me is always buying them, finding an exit is tough, tough tough. When stocks like CMGI catch the fancy of the street, they seem to take on a life of their own. I figure I'll wait til mid Jan to unload, as that was my strategy to begin with. Also taxes would kill me if I sold now. Hopefully, the pending split, icast, and the China connection will keep this moving. Best case scenario would be to wait for a huge volume up day (over 20 million shares) and sell near the close. If they split before expir the day before might be good. I also have some Dec calls for earnings but the stock has run so much I've been unloading some. I'm glad to hear you bot some calls and are making money. Looking back, it was a no-brainer, right? What kills me is how many people were bailing at the time they should have been buying more. That kind of negativity always sparks my interest. Check out my posts on the RB thread back then, telling those guys that the more upset they got, the more I bot! To answer your question, I still own all the Jan options and my biggest winner is the 200 Jan 180's bot at 50 cents. I can't tell you how many times I wanted to double up but didn't! Anyway, they're at 36 for a $710K paper profit. I don't want to be a pig with this (or is it a hog?) by holding too long, but I really think this stock can go to 250-300 by expiration. At the current price that's a 30-60% move - very doable, especially considering the action in other net titans like YHOO, RNWK, EXDS. Even AMZN hit a new high last week. I am expecting a pullback soon. Actually, I'm hoping for it so the stock can refuel for its next big run. Oh, and yes, I am one happy, but cautious, camper Thanks, Chetman