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

To: JavaGuy who wrote (7131)	4/15/1999 11:54:00 AM
From: Mark Peterson CPA	Read Replies (2) \| Respond to of 19700

JavaGuy, if you have options trading priviledges, you may consider selling some of the out of the money strikes on the next run-up. When CMGI gets to 260 again, I'll sell the 270's or 280's for the next month out. Sure, I loose if CMGI gets to 330, but if the stock closes that high, it's almost like selling the stock at 290 or 300. Where you really get killed on the INUT stocks is when you get greedy and try to make all of the profit on an unhedged position. JMO. Give some back to the MM's or someone else on the thread. The stock has the high volatility for a single reason: it fluctuates down just as much as it goes up. Pretty good opportunity for buy-writes and other trading strategies. If you've done the kind of trade I've talked about, when CMGI takes a 60 point dive, you don't sweat the downside anywhere near as much. Best regards and good investing JavaGuy, Mark A. Peterson