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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (58717)	10/16/2007 11:08:03 AM
From: Elroy	Read Replies (1) of 58727

BRCM is a monster, I wish I had more of that one. I bought back covered CSCO and QCOM calls today. If the quarterly reports come out decent from here we may get a rally. I'm tempted to sell CSCO Nov $32.50s now that I've bought back my Oct $32.50. On the other hand, if there is a general red driven rally large cap blue chip is probably a safe place to be. I guess I'll wait for a week or two of reports to come out before doind anything else. The one question I have is about PMCS. I want to sell them before they report Thursday since it has had a nice run and there may be some problems in communications. Any very near term view on them? Ie, would you hold them through Thursday's earnings report?.

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