Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.80

+0.3%

Dec 5 9:30 AM EST

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To: freeus who wrote (49938)	11/15/1999 1:10:00 AM
From: Dr. David Gleitman	Read Replies (1) of 152472

Good morning Freeus, Voltaire, Sig, et al (Love that latin)... I recently jumped on board the QCOM bandwagon, picking up some at 288 and 314. Problem was that I was seduced by the premiums of the November calls. I just started following the stock (and it's momentum). I got caught up with a bad case of premature valuation and ended up selling covered calls on the Nov 330's, when it just crossed over the 300 level. I had no idea that this packed so much momentum. I don't thing that it pays to buy back the calls, this will depend on how the market goes this week with options expiration. In a worse case scenario, I can always buy back the stock. My only concern with this flyer is that it can drop like a rock at any time if the winds change course (seen it happen with other stockes before). Correct me or enlighten me if I am wrong. Best of luck to all, David

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