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

To: polarisnh who wrote (15923)	1/22/2000 7:02:00 PM
From: Mark Peterson CPA	Respond to of 19700

Steven, back around January 7, I sold the Jan 260's through the Feb 320's on my entire position (now the Feb 130's - Feb 160's) at volatilities ranging from approximately 117-127. All of the Jan calls I sold expired worthless. While it's too soon to tell with any degree of certainty, I'm inclined to believe that many of the Feb's are going to expire worthless, too. And for those that don't? Well, I'm winning (so far) on the start of the collapse in volatility (approx 98 - 103) on Friday. Don't know to what extent I'll cover off the position after Feb expiration, but will probably do something on at least 50% of the position. Would like to be really long deltas going into the AV IPO. BTW, I absolutely love the reorganization of Flycast, Adknowledge, and Adforce into ENGA. While DCLK may be one of those 800 pound gorillas of 1999 in the Internet advertising arena, ENGA played a masterful game of one-upsmanship through this reorganization that, IMO, is going to make it an 80,000 pound godzilla, starting this year... Mark