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

To: USRX888 who wrote (7934)5/5/1999 1:23:00 PM
From: PAL  Respond to of 19700
 
Bought more CMGI at 218 in my new account with Brown. Was going to sell put Jan/01 but have to wait until Friday when all the checks are clear. Market might make a U-turn and close in the winning column.

Just cannot resist this buying opportunity. If Friday CMGI is under pressure, I would sell Jan/01 put. On the otherhand if there is a runup, I will sell covered call Jan/01. I will be on the other side of a strangle and try to make my cost basis as low as possible.

Paul



To: USRX888 who wrote (7934)5/5/1999 1:24:00 PM
From: RLM  Read Replies (1) | Respond to of 19700
 
I never said they would not recover. The market as a whole will recover also. This plunge gives you a great buying opp. You just have to try to find the bottom.


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