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


To: Todd Pagel who wrote (3092)12/20/1998 1:35:00 PM
From: Millionairess  Read Replies (1) | Respond to of 19700
 
hi todd,

actually i think they changed it to "CMGi", not "CMGI" - hey, it's the internet age - let's join the COM's and @'s and whatever LOL :)- seriously, i do know that the small "i" now means interactive versus information

good luck with options but again as you probably know if the market turns, you can lose big - paper trade or start small is my advice - learn a bit about them especially understanding difference in premiums depending on if they are shortterm or leaps - also, if finances permit, have a few plays going at once so you're not dependent on winning the big one because take it from me, you'll be disappointed and will be reluctant to play again

i am no expert on options and do not have the experience of magnifique so the following is only my own call for what's it's worth ... i'm not sure if i would buy cmgi leaps here, i have them now but i bought them the first day they were offered and will probably sell them if and when more out of the money ones are offered - imo, right now i would buy the stock hedged with puts along with some out of the money shortterm calls - this is just my own call for what it's worth

i agree, you'll have lots of opportunities next year when buying calls if betting on the anticipation of ipo announcements / the runup and not just with this stock either

good luck, m