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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 (7940)5/5/1999 3:54:00 PM
From: Rene Madsen  Read Replies (2) | Respond to of 19700
 
Y'can say that again, up 30 bucks in an afternoon ... even just 100 shares would have made ya 1000 bucks



To: Mark Peterson CPA who wrote (7940)5/5/1999 5:10:00 PM
From: PAL  Respond to of 19700
 
Thank you Mark for the kind words. I feel this stock has the best potential for this side of a strangle. If CMGI comes under pressure, will sell naked Jan01/200 put, collect the premium, and then wait until it rebounds, then sell Jan01/300 covered call and buy back the put plus sell Jan01/220 or 240 put. On correction, buy back the covered call. Repeat the process. Sooner or later the cost basis is zero or less. CMGI is just perfect for this play. I do not know any other stock that I am comfortable doing this strategy.

Mark, thank you for your contributions to CMGI and MSGI and other threads. We learn a lot from you.

With my respect,

Paul



To: Mark Peterson CPA who wrote (7940)5/6/1999 12:30:00 PM
From: AmericanVoter  Read Replies (1) | Respond to of 19700
 
Mark Peterson, and Brian Malloy... first, thanks for your valuable opinions presented here and in PMs... just got some at market... should be between 238 and 240 and have a day order to double at 217 just in case it does an intraday drop...

I think it will start to move big very very soon... although I would like to double at 217, but in all honesty, don't see it happening...

good luck to all

best regards
amein