Gorilla and King Portfolio Candidates Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LindyBill who wrote (4963)	8/20/1999 6:33:00 PM
From: Uncle Frank	Read Replies (3) of 54805

To Dancelot and All: Here's a summary of my Qualcomm covered call play; may it serve as a lesson to all of us: 7/26: Sold to open aawhm* covered calls at 4/sh. (qcom was at 154 1/2) 8/20: Bought to cover aawhm* at 8 1/2 sh (qcom was at 172 5/8) Net result: based on its closing price of 175, qcom increased by 20 1/2 points during this period, but I only enjoyed 16 points net appreciation. Conclusion: I will hold qcom and add to it on dips, but will never again try to time it. It was a pretty cheap price for a very important lesson. Frank *aawhm = August 165 strike price calls

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next