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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.54-1.2%Nov 13 3:59 PM EST

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To: T L Comiskey who wrote (38219)8/18/1999 6:15:00 PM
From: Uncle Frank  Read Replies (1) of 152472
 
>> re..."Uncle Frank just got burnt selling calls on it,"

Tim and LindyBill, the Fat Lady hasn't sung yet. I'll post the results of my covered call gambit on Friday afternoon. If Q closes at 169 or below, it will have been a good move. If not, I'll eat the normal meal of crow pie <g>.

I must admit to being surprised at the new high set yesterday. Pre-dilution, it's equivalent to a price of 180, which takes out the old mid July interday high by 13 points. To have this gap up occur during the summer slump in the absense of news is unexpected to say the least, but the market seems to pull those kind of tricks on me with regularity <g>.

Frank

Frank
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