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To: Paul Chiu who wrote (680)4/27/2007 11:28:42 AM
From: manalagi  Read Replies (1) | Respond to of 2093
 
Paul:

Do you remember one SI poster made $ 1,000,000 in two months during the internet bubble days?

CMGI was trading at $ 100/share. He purchased 100 calls strike price $ 200 at $ 0.25. Every one on the CMGI thread thought he was just wasting $ 2,500. Lo and behold, CMGI went to $ 300/share before expiration. He made a cool million and was never heard again. Maybe he went to the Bahamas and had two blonde girls at each side while sipping nice cool margaritas. My wife would smack me if I do that. LOL



To: Paul Chiu who wrote (680)4/27/2007 11:34:02 AM
From: Sr K  Read Replies (1) | Respond to of 2093
 
$10 is 1,000 times 1 cent
1,000 times $11,400 is $11,400,000
Options gains are short term gains

Gates made 4,000 to 6,000 times as much, and as long-term gains.


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