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


To: mike machi who wrote (7796)4/29/1999 8:59:00 PM
From: Mark Peterson CPA  Read Replies (2) | Respond to of 19700
 
Mike, I don't know what to say. Sometimes you have to let go of the hype, the pump, and ask yourself how many years you want to work before you grab the financial reins of your life.

Nobody has the answer to this. I really think you need to go broke 2 or 3 times to learn the value of a dollar. I also think there's nothing like filing a bankruptcy petition to really understand the term "risk" and what it means to you. Maybe you need to sell 100 puts on a stock for a 1/4 the day before expiration and have them run to 50 the following day.

There are all kinds of events that can get you to pay attention. Some individuals, unfortunately, need a six or seven digit loss to get them to realize that maybe there's a better bet.

Irrespective of the volatility of this stock, the implied volatility of the options, what may occur with LYCOS, what may or may not be brought public within the next six months, as long as the business model is working, this is the lady you brought to the dance and you're the person that's going to escort her back home.

IMO, you've made a decision that one way or another, will profoundly change your life.

I'm betting the farm on this one. What the heck? It's just money....

Best regards,

Mark A. Peterson