Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 171.02

-1.5%

Dec 31 3:59 PM EST

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To: Jill who wrote (56513)	12/23/1999 7:20:00 PM
From: edamo	Read Replies (1) of 152472

fly girl...re: tops and bottoms.. no advantage to rolling out any long option positions...costs the buyer to roll....increases risk by adding to cost basis if exercised. short positions may have an advantage, and placing a spread order is less cumbersome then separate transactions...but it is all relative, a spread is fixed...just guaranteed...but most important cash in, decreasing risk by lowering cost basis if assigned or called. your long should be closed at a top, and a new long bought at the bottom...you have it correct....short position the opposite murray xmas.....

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