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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST
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To: Jim Willie CB who wrote (34058)7/5/1999 11:54:00 PM
From: marginmike  Read Replies (4) of 152472
 
Hey Jim I hope your right, but your no bond seer(see yoour old posts). I think 110 pts on Nasdaq is only a 5% upside with a 20-30% downside going into the fall. On August first or 100-200pts from now I will be buying putts on several high fliers such as Yhoo, DCLK, AMZN. I expect Q to pull back at that point 20-30% before the next leg up. I will not sell my Q, but will be fully insured! Lets face it you have to have your head examined if you go into sept-Oct without proper hedge.
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