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

To: Diana who wrote (5808)	3/12/1999 5:55:00 AM
From: atlast	Read Replies (1) \| Respond to of 19700

so far with the nets and cmgi i have done great trading - but much much better holding - - so far - - but it's risky biz either way

To: Diana who wrote (5808)	3/12/1999 5:56:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 19700

Oops - I forgot about the split, Diana. I was counting from my first buy at 72 which is now 36 post-split. I have banked more than 220 points profit during the period with shares and options compared to 146 on a straight buy and hold. Yes, the tax bite will cut down my profits a bit but we are talking about the difference between short-term and long-term capital gains, not taxable and non-taxable altogether. So my trades produced a 500% profit which will turn out more like 350% with the extra taxes. That's compared to a buy and hold gain of about 300% which will become about 240% after taxes (which you will pay sooner or later - CMGI probably isn't IBM or GE). Trading fees are negligible at online brokers. If I counted correctly this time, the trading results are noticeably more than what you got with buy and hold for the past three months. Your mileage may vary - so can mine if I don't time my trades correctly. And CMGI could start behaving very differently in a bear market. That's where occasional puts and not being long will really make a difference.