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

To: DWW II who wrote (588)	6/14/1998 9:44:00 PM
From: surfinSteve	Read Replies (1) \| Respond to of 19700

DWW II, I'd like to know more about your reverse leap-frog strategy. If it sounds convincing I might try it myself. If you wouldn't mind telling me more about it, I'd appreciate some more info. Did you read about the strategy or come up with it yourself? Do you buy both initial blocks of shares at the same time or by what set of rules? You said that you sell half your holdings when the stock trades above your initial investment...how much above? You buy more shares when it drops. How much of a drop triggers your buy order? Do you buy again if it keeps dropping? If the stock keeps going up, do you ever replace the half of your investment that you sold when it initially went up? This strategy sounds great for a stock that swings up and down wildly in the short term but doesn't have any real direction in the long term. You get a nice income, but for a stock that steadily rises or steadily falls it is a buy and hold. The outcome also seems very dependent on the timing of your initial purchase, because if the stock drops steadily from that price your are in for twice the pain, and if rises steadily from that price, then your only get half the gain. If you time your initial buy well and the stock goes up and stays up, then you never get to buy any more, right? That would be my situation with CMGI if I adopted your strategy as I understand it. I bought CMGI some months ago at a much lower price than it's currently trading and it hasn't revisited that price. It got low enough recently to tempt me and I did buy some more shares. Thanks for your thoughts. Steve