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

To: Doug Meetmer who wrote (4908)	2/24/1999 9:04:00 AM
From: Mark Peterson CPA	Read Replies (1) \| Respond to of 19700

If you think the stock is going down, sell at the money calls. If you think the stock is going up, sell out of the money calls. The key, of course, is to properly "guess" where the market will be at expiration. You could sell out of the money calls, have the NAS drop 300 points by expiration, and take a bath on the underlying stock. By the way, even if you sell the 115's or 120's, and the stock gets called, is that so bad? You'd be making something in excess of a 100% annualized return... Others of course, may feel different. It's all about your preference for risk... Best regards, Mark A. Peterson