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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Gerry Moore who wrote (9087)	10/27/1998 12:23:00 AM
From: Judy	Read Replies (1) \| Respond to of 34811

Gerry, good for you on LU. Do you normally do well with out-of-the-money calls rather than at or in the money? CMGI was based on two things. First, market sentiment switching back to the internet sector as witnessed by AOL and YHOO leading the way. (As you note, I went long AOL and even though I can't stand the yucky stock). Second, CMGI's momentum turned positive off 5-day ema which converged with support 50-day ema. When momentum converges with support and market sentiment is stacked in one's favor ... I'd say the risk/reward is worth trading.