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

To: Jerry Olson who wrote (4549)2/1/1999 2:50:00 PM
From: SJS  Read Replies (1) | Respond to of 19700
 
OJ,

I do the same thing with other stock (EMC, for one), however, with CMGI, I would give up a portion of that wad for some cheap downside protection for those naked puts, in case the bear gets some claws. That means, buying the 95 or 100, or even 105 PUTS for about 1.5, or 2 bucks/put. It's a small price to pay.

Then you can sleep at night for very little insurance cost against a catastropic meltdown.....



To: Jerry Olson who wrote (4549)2/1/1999 2:51:00 PM
From: Mark Peterson CPA  Read Replies (1) | Respond to of 19700
 
OJ, mostly spend my time doing M&A work. You're obviously very adept and have great hand-eye coordination. I always thought that trying to buy back puts in a declining market is like trying to catch a falling knife.

I've got alot of respect for your intestinal fortitude.

Mark A. Peterson


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