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: TimbaBear who wrote (15598)	1/8/2000 9:30:00 AM
From: Mark Peterson CPA	Respond to of 19700

Tim, thanks for your willingness to share your point of view with everyone here. Appreciate your candor... Mark

To: TimbaBear who wrote (15598)	1/8/2000 2:50:00 PM
From: AmericanVoter	Read Replies (1) \| Respond to of 19700

TimbaBear, thanks for sharing such personal aspects of your life with all of us... allow me to throw my 2 cents worth, which is what I suggest you look into seriously... first, you decide what is the absolute maximum number of shares of CMGI that you are willing to hold for a long time... then, you can do any of many things... 1) you can just buy that number of shares and forget about them, keeping in mind that the price could drop to the lowest support level of say 1 year... 2) you can just sell puts - if your account allows you to do that - when the market is down, and, when doing so, the best is when the effective cost price if assigned is at a good support level... 3) you can buy a percentage (that you are comfortable with) of the maximum number of shares you are willing to hold for a long time and just wait and see what happens... buy more on dips, or just sell puts as indicated above when the market is down... 4) buy calls when the market is down, or sell covered calls when the market is up... I personally, prefer to sell puts/leap puts when the market is down big, the reason being is that I am more of a long term person... if my effective cost if assigned is at a good support level, then I don't mind getting assigned and just holding the extra shares.... buying calls (other than leaps) adds the pressure of time value... so you must have a good feeling of when things will happen... now if the calls were less than $1, then no big deal, but when you have to pay an arm and a leg of a premium on LEAPs for a volatile security, I don't know about that... however, on selling puts or leap puts, especially when the effective cost if assigned is at a support level, you are more or less betting on the general trend... so, if you get assigned, you say, hey, I know it will go up roaring again... when, not sure, so I'll just wait.... that is my feeling, and hope it is of some help... best regards amein