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To: LWolf who wrote (17194)1/9/1999 12:41:00 AM
From: Mark[ox5]  Read Replies (1) | Respond to of 27307
 
OT

Wow incredible.. what was the reason she picked CMGI? just from a friend's tip?

I admire that sort of patience with a stock... I guess im sort of a product of the new breed of investor now populating the scene.. to me 6 weeks is a LONG time to own a stock (grin).

(the scary thing is a lot of people here on SI consider ME a long a term investor... LOL.. to them 4 hrs is the time of a trade.. I do that too sometimes but rarely.. prefer the 1 week to 4 week position trades)

I like locking in profit and moving it into the next stock, rolling over and over.. in a bull run like we have had the past 3 months its been hugely successful. And now that I have just educated myself in the art of options the past month I find it even more incredibly powerful.

6 contracts on Feb 260 YHOO calls cost $2900 x 6 = $17,400 (Monday!!)
Now (Friday!!) they sell at 95 each.. 6 x 9500 = $57,000

This is amazing and to be honest shocking.. and to be honest I'll definately be taking profits very early next week. As much of a bull as I am on the Inet sector these occasional (every 2 months or so) 4-5 day frenzies usually are followed by decent sized corrections. Plus I made my yearly salary at work in 1 week ... LOL.. so Im more than happy.

I just pray I can repeat this success 1 or 2 more times in 1999 :)

Good luck for everyone, whatever style they use... they all seem to work in this sector... once in a lifetime opportunity to make $$$$

Mark