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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%3:59 PM EST
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To: Keith Feral who wrote (46597)10/30/1999 8:57:00 AM
From: Voltaire  Read Replies (3) of 152472
 
Hi Keith,

I do this every earnings period by simply writing in the money calls to the point I feel we could have a correction on Q. This gives my clients protection with no capital gain on the sale of stock. I realize there would be a short term capital gain on the calls but that is only if I am correct. At some point in time the stock should continue upward and the buy back of the calls will create a short term capital loss while the value of their portfolio will have increased. I have to have certain standards if I am to continue my STRESSLESS life. We probably agree that Q is an exception at this point but I am sure you can tell me of many cases when the stocks have taken a dive even on great reports. Like I have said before, my first priority is to not lose money for my clients and then I go about the task of making them money.

That was a very good point and that is the purpose of the thread, or at least I would hope.

thanks,

Voltaire
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