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

To: HG who wrote (5032)	2/28/1999 12:58:00 PM
From: Miguel Octavio	Respond to of 19700

Internet stocks are so volatile that it is hard to predict what they will do. I like CMGI for the long term, so when it has a good week like last week,I sell calls, like the March $130 at $8 1/2. If the stock (which I own) closes above 130, I give back the stock at a price of $138, I am sure I will be able to repurchase it below that price soon anyway. If the stock goes down a lot, I buy back the call and keep the difference. If the stock stays where it is but below $130, I keep the $8 1/2 dollars. Once again, I only do it when the stock had had a nice run up. Miguel