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Technology Stocks : CMGI DSP Programs -- Ignore unavailable to you. Want to Upgrade?


To: briank who wrote (60)2/13/2000 10:39:00 AM
From: kcmike  Read Replies (1) | Respond to of 178
 
Briank,

I would personally take the chance that the record date will not be for a few days, and go ahead and buy the othre 100.

Financially, one way you could do it without incurring as many capital gains is by using covered calls ... either on the securities you already own, or on CMGI. Are you familiar with covered call options?

Mike



To: briank who wrote (60)2/13/2000 11:28:00 AM
From: James Thompson  Read Replies (1) | Respond to of 178
 
briank - getting another 100 shares in time to qualify for the DSP is a gambol. However, at these prices CMGI is on sale and is trading well below par.

I don't know what other stocks you own or what your long-term goals are, but over the long-term you can't do much better than CMGI for appreciation.

Check out multex.com for the lasts report from Prudential on CMGI.

If you do buy more CMGI on Monday, and you don't get into ALTA I would still hang onto the CMGI. Even if it churns in a narrow range for a while it will eventually break out. When it does, your patience will be amply rewarded.

Good luck,

Jim