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

To: DAX KIMPO who wrote (17163)	3/13/2000 10:18:00 AM
From: im a survivor	Respond to of 19700

<<Often time this rockets when most least expect it. That's why timing it will make one nuts, and shorts get burned a lot of times. Won't be surprise at all to close + today. >> Agreed...also, timeslike this allow for some nice option trading. Just last week, I was writing March CC's for $170 and getting between $2 3/4 for my low and $4.25 for a high, within a two day period. My thinkng is this. CMGI was a couple days before earnings. We had seen a nice little run...I think we were in the $140's at the time. I also figured we would sell off a little after earnings as is now almost typical in this sector/market unless something drastic is announced. Well, getting $4 a contract, while the stock needed to cover $30 before expiration in a week, seemed like taking candy from a baby. Sure CMGI could run the $30 in a week. Heck it could run $30 in a day for that matter. If it did, I would be willing to sell it at that point for the $170 ( plus my premium ), and take the chance in buying it back cheaper which would be an excellent possibility. If not, I have plenty of leaps that are already ITM, so having shares of CMGI is not a problem. In any event, I just didn't think we would see $170 by friday, and the premiums seemed nice at that point...they are currently at 1/4, as we are now a few days closer to expiration, and cmgi is still not near $170. Many times you can look at the stocks you own and then scan the calls.Look for one's that expire within a couple weeks, and that are far out of the money. Most of the time the premium is not worth writing the CC on your stock, but sometimes you find some that are. Good Luck to all