Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark Peterson CPA who wrote (15557)	1/7/2000 12:15:00 AM
From: Brian Malloy	Respond to of 19700

Excellent post...thanks for taking the time to share the knowledge. I bought cheap out of the money QQQ puts as a hedge on the way up. Maybe I'm an optimist but I think we are headed higher next week. We'll finally get the Mary Meeker blessing, the stock splits, coverage initiated and so forth.

To: Mark Peterson CPA who wrote (15557)	1/7/2000 12:35:00 AM
From: Don Martini	Respond to of 19700

Excellent Post, Mark!

To: Mark Peterson CPA who wrote (15557)	1/7/2000 7:41:00 AM
From: Magic212	Respond to of 19700

Mark, Thank you for being so generous in sharing your wisdom. We are fortunate to have you in our corner. -Leslie

To: Mark Peterson CPA who wrote (15557)	1/7/2000 8:21:00 AM
From: TimbaBear	Read Replies (2) \| Respond to of 19700

Hello Mark! I'm not sure I am clear on some of the thinking you're doing on hedging....please excuse me for being dense (it's genetic!) I've done my DD on CMGI and have decided that the long term prospects for this company are really superior....I won't get into what I think the stock price appreciation might be as I'd probably lose credibility in some circles....but suffice it to say that I plan on owning it as long as I see CMGI executing on plan or better (which I anticipate will keep me in this stock a minimum of three more years). Given all of that, why would I pay for options?....I know that you say that you view them as insurance premiums, but whole life is an insurance premium whose investment strength is inferior....I've played options some and have come to the conclusion that the deck is really stacked against you....I think I view options kind of the way your argument goes against selling because of tax implications....I guess the issue is that I just don't see how playing options as insurance can do anything for me, the long term holder, except to reduce my yield. Any clarity you can offer will be appreciated.