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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 172.94+1.1%Jan 2 3:59 PM EST
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To: Gabriel008 who wrote (39386)9/1/1999 6:13:00 PM
From: jmac  Read Replies (1) of 152472
 
I, too, play QCOM with options. I like the leverage. I like controlling the volatility this way. I have the Sept 170s long and when the stock rallied into the 180s, I sold the 195s short. So, today's action doesn't really bother me too much. I forgot about the analyst meeting coming up next week. This will give management an opportunity to explain what the analysts said today. Either that analyst knew something (and the Q clued him on it), or he was speculating and nows no more than any of us. A 12% haircut though was uncalled for--in any event. I will add to my positions will Jan 2000 calls on any weakness tomorrow morn. 152 is as far down as I see this baby going.
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