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

To: B. A. Marlow who wrote (5964)	3/14/1999 12:20:00 AM
From: SJS	Read Replies (1) \| Respond to of 19700

<Mildly OT> About disclaimers. I meant no disrespect to you personally. We both know a lot of people read these threads and this just covers me (so I think) from newbies, youngbies, maturebees, oldbies, and knowledgeablebees....<grin>. It especially covers me from folks that think that you sell options, take in money, and have little risk. Enough said. Yes. I meant by downside protection that I would probably hedge up to half the short puts with lower cost long puts (insurance...in case of catastrophe), IE (just an example!!: SELL 10 150's, buy 5 135's) OR, here's another idea.... do a put bear credit spread (if possible...). IE, leg into a spread for a net credit and command a spread for no cost ( just another example: SELL 10 150's PUTS at 5, stock appreciates, Buy 10 170's PUTS at 4) You command 20 points for no cost. As a matter of FACT, SOMEONE PAYED YOU $1 to command this spread (that's why it's called a credit spread...you GET MONEY NO MATTER WHERE THE STOCK CLOSES). Your max gain is at closing price on the stock of 150, or below. At 0-150 you make 21, and 170 to infinity you make 1. Have fun!! Steve