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

To: Mark Peterson CPA who wrote (7801)4/29/1999 9:16:00 PM
From: Carolyn S.  Respond to of 19700
 
Mark,
I like buying calls on big internet stocks that are due to split soon, and I try to get in on a good dip. Ultimate rush for me when my call splits and I watch it go up $200 for every point the stock goes up. It would have cost $23,400 to buy that much stock.

CMGI had a pretty nice trendline and I aimed for the pullback to the line after the last spike. I think I'll be OK. It's scary though. I would have been more comfortable with a further-out option but there weren't any Julys and September was too expensive.

Carolyn S.



To: Mark Peterson CPA who wrote (7801)5/1/1999 5:32:00 PM
From: badon518  Read Replies (2) | Respond to of 19700
 
do you have any thoughts about what a fed interest rate hike would do to the share price of cmgi? assume such a hike does occur-- i know of a zillion reasons why it shouldn't, but let's just assume the inflation hawks at the fed stage a coup and hike interest rates as a "preemptive strike" (which they've done before)(hike interest rates, not stage coups). what would be the effect on net shares in general and cmgi in particular?


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