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

To: Roy Smith who wrote (5017)	2/28/1999 12:49:00 AM
From: HG	Read Replies (2) \| Respond to of 19700

Yep, I agree - but I find it a good strategy to confine myself to selling puts of the stock I want to buy right now. The option gives me a discount I'd normally not get if I purchased calls or stock. And if the price movement is not in my favour - well, its the buyer of the put who sweats it out...while the money is sitting in my account...! CMGI puts are prices exactly half the stike price (were on Friday). And since my broker required 50% in cash account, its the perfect stock to sell puts of...! Hmmm.....will look at it on Monday... Regarding spreads, I have never used them personally, but I do look at them with interest. Perhaps one day ! I would prefer to use the simpler and safer contracts......buy and sell options for the same month...and there are plenty of them available with internet stocks... Does anyone think CMGI will go down in the short/long term ?