QCOM isn't my bag, baby. However, if it does return to old highs, your options value will certainly be restored.
To sell or hold? You need to define your investment horizon. Are you long QCOM, or not? Long, you hold. Not, you sell when you can maximize profits.
Selling in a correction ought to be avoided. You should be buying options on stocks that you're bullish on during corrections. The most $$$$ that I made in options was when I loaded the boat during the October lows in 1998. It sucked to have to shell out capital (on margin in my case) to buy in that environment, but it proved to be correct.
I was a buyer of JDSU and BMCS calls today.
And, no, I'm not responsible for your Dell. Did you buy a laptop?
Regards,
LoD |
