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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: Jill who wrote (55297)12/20/1999 10:22:00 PM
From: Uncle Frank  Read Replies (2) of 152472
 
Farfel did a great job of analyzing the 430 strike LEAPS for you. Let me add one thing:

The 380s were up 46 points today, the 430s up 18.

Sometimes the ticker report doesn't make sense. The 380s were assuredly not up 46 points on a less than 12 point rise in the common. What happened is the 380s didn't trade for several days and what you see as +46 is a multiday gain. If you look at the open interest, you'll see these expensive leads are very thinly traded.

>>I wonder whether it's wiser to buy now, or to wait for a post-split post Jan 1 dip, if there is such a thing.

Now that's the $64,000 question, isn't it. I know this will draw howls from some of the common call/put players, but IMO, you should buy now and ignore the possibility of a dip. After all, these are multi year vehicles. What price do you expect Q to be in March 2001 when they should be sold?

jmho,
uf
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