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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (20940)	5/6/1999 6:46:00 PM
From: Michael Rich	Read Replies (1) \| Respond to of 42787

Judy, Thinking about strangling CMGI for some time....leg in 210p/250c for 50 pts may be worth it? Did you see our Jerry ran for cover already? Must be the lunch!

To: Judy who wrote (20940)	5/6/1999 7:15:00 PM
From: Electric	Read Replies (1) \| Respond to of 42787

Judy, Sorry to butt in, but I was looking at a CMGI strangle yesterday, when shorting the call/put for May gave one 40 points of cushion and a high percentage chance to make some nice premiums. Why not short straddle or strangle? The return is good if one semi-covers, but in relation to the share price it isnt as profitable as it seems. I like your short puts idea on days where the stock gets hit. I also noticed that the turn around for CMGI is short, I bet tomorrow it bounces... A Comment on bonds.. I think the sell-off is overblown and although some energy prices are higher, I doubt it lasts too long. I am suprised how the bond traders seem to get spooked so easily, it seems simple to me that oil prices will not stay at these levels and bond yields will likely fall after this sentiment takes its course..