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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.76+0.3%3:59 PM EST
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To: Peter Sherman who wrote (55314)12/20/1999 10:47:00 PM
From: Farfel  Read Replies (3) of 152472
 
Peter---you obviously have never played options on Q---I purchased a Jan 200 Call on Qualcomm, strike price 240 on the day of the last earnings report about 1/2 before close----I paid 18 3/4 or $1875 plus $27 in commissions: for a grand total of $1902-------that option, although I sold it already for a quick $10,000 profit----is now worth $22,750. So, please don't tell people not to do something which you obviously neither have done, nor understand.

Let them do their own study.

Farf
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