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

To: Ross Roberts who wrote (9026)	5/29/1999 12:18:00 AM
From: McNabb Brothers	Read Replies (1) \| Respond to of 19700

Ross, <I'm surprised you've got anything left with which to buy puts> For one thing I do not buy options, I'm a seller of options for the time value is what I'm selling! Don't worry about me losing it all, for I do not put more than 5 to 10 percent in any one of my trading positions. Believe it or not I have made a ton of money on selling naked calls on DELL the past 6 months and many other stocks. Sure I lost last year on DELL, but I know when to cut my losers and I have made up that lose in DELL like I said in the past 6 months or so. I sold some 300, 320 ,340, and the 360's on CMGI before the split which some expired in May and now I have the same strike prices on CMGI for June and Sept. I sold some for premiums as much as $40+ when CMGI staring breaking down a few months ago. One other thing my trading account is only about 20% to 25% of my total portfolio which most of my core holdings have been held for 10 to 15 years and some longer, which in a way acts as a hedge accounts in some ways. Sure I lose, but I can assure you over the long run I'm willing to put portfolio up against anyone on SI. Hank