Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MulhollandDrive who wrote (3395)	1/6/1999 6:29:00 PM
From: Millionairess	Read Replies (1) \| Respond to of 19700

bp, i have no idea where we're off to shortterm but longterm, i think i have it figured out ... TO THE MOON - no, make that MARS! could be some profit taking soon (i see a negative spoos) or another 20% to give us around $90 post split - i have no idea, all i know is that everyone wants this stock whether they get it now or in 6 months from now best of luck to all, m

To: MulhollandDrive who wrote (3395)	1/6/1999 7:37:00 PM
From: Douglas V. Fant	Read Replies (2) \| Respond to of 19700

bp, Yes. I hold CMGI long and then sell covered calls (too conservative!). On every huge up day I also buy some naked puts about 10-15 points back of where the stock currently is. Today I bought some Jan 125 puts dirt cheap - about $2/put. Because the stock is so dynamic, the puts tend to keep a good chunk of their value right up to about the last 1/2 hour of the day they expire! We've now had three consecutive gap opens at about 75, 92, and today at 120. We have not filled any of those gaps technically. Unless all technical indicators are dead with Internet stocks, we should retrace a bit at some time....In that way you maintain your long postion 100% of the time, but play the downside retracements too (if there are any,ha!), and put a floor on what you can lose in a retracement.... Sincerely, Doug F.