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

To: im a survivor who wrote (15874)	1/20/2000 4:54:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 19700

Guess you dont want to sell your cmgi at 135, huh ? Nope. I've had it since 1998 and am not going to let it go now. But selling a put, which is what I did, is the opposite of what you might have been thinking of -- either buying a put (which would have given me the ability to sell at 135, as you say) or selling a call (which it what I should have done). Had I not bought back the puts, some wise guy CMGI bear out there would have assigned his stock to me and I would have had to buy CMGI at 135 tomorrow, the day of options expiration. I've been selling puts for a while on CMGI and YHOO and it's worked well -- they've all expired worthless. This was the first one I had to buy back.