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

To: RLM who wrote (8108)	5/11/1999 2:40:00 PM
From: Mark Peterson CPA	Read Replies (5) \| Respond to of 19700

The option market makers are crooks. They have shaved $1 out of the premium today. When the stock was at 143 this morning the bid and ask on the May 260 calls was 13 1/2 by 14 1/2, now while the stock is at 143 the bid and ask on the options is 12 1/2 by 13 1/2. RLM, that's their job - to pick money from your pocket and those of other public customers and put it in theirs. But for sure, the implied volatility has relaxed a bit. The call volatility was as high as 125 last week. It appears to be "only" 117 at the time you got "buzzed" by them. Man, if those who trade CMGI had a nickle for every time they were victimized by these guys, we could probably start the "next" CMGI... Best regards and good investing, Mark A. Peterson