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


To: Brian Malloy who wrote (5327)3/8/1999 6:46:00 PM
From: ajunkh  Respond to of 19700
 
;) I'll let you know when the SI-CMGI cabana opens for business, Brian! I'm always wary of playing options, but buying CMGI calls on every bout of Internet weakness sure has been a winning move ever since they first listed options on the stock-- my only other option plays in recent months have been FHT and the boatload of April 10 calls on SPLN that I bought back before Xmas (see post below if you're interested in that story!). That one has been an even bigger home run (and lower risk) than CMGI since the option premium was negligible at the time and since the common has more than tripled since-- and we're only just seeing the full story play out with the start of the NCAA tournament on Thursday.

Cheers,
ajunkh

To: Ed Don (282 )
From: ajunkh Thursday, Dec 24 1998 12:49AM ET
Reply # of 523

A lot of reasons to buy SPLN right now: We'll know by jan 7th if the NBA is going to play this year; year-end analysts recommending Internet stocks will be looking for market leaders with attractive valuations; price targets by analysts as high as 200% above current level; CBS just exercised options at $15 a share; CBS Marketwatch IPO soon to gain news attention for the CBS Sportsline sister; NFL playoffs start in two weeks and will be the first big sports news since the World Series; college basketball excitement will start to build from January up to the tournament in March. Check out the April $10 calls. Premium is less than a buck. Good luck!