Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 172.98

+1.1%

Jan 2 9:30 AM EST

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To: JGoren who wrote (65007)	1/28/2000 4:21:00 PM
From: Jill	of 152472

I think the market will (I hope it will) recover next week. I think there will be a rebound of some stocks on Monday (such as JDSU). I think QCOM will be battered for a while, by virtue of its obscene runup in December. I've said this on Voltaire's porch, but Tom (Voltaire) urged me to sell ALL my winter and spring calls by Jan 3 because increased liquidity, volatility and a correction could erase much of my profits. It was an unusual situation, before a 4-1 split. He turned out to be correct. He isn't always right, but he often has a good sense of market dynamics. So I learned a good lesson about speculating--i.e. take my obscene profits off the table quick! Anyway, I've tried to stay calm and what I did was sell covered calls yesterday and bought them back today, made a quick buck. May sell the whole lot again at a lower strike next week. Also sold JDSU puts yesterday and twice today as we kept plummeting. It'll never make up for the air let out of the balloon since Jan 3, but it's enough to eat on!

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