Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.54

-1.2%

Nov 13 3:59 PM EST

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To: engineer who wrote (60850)	1/7/2000 10:14:00 PM
From: Ritch	Read Replies (1) of 152472

engineer - I agree with what you say with the exception of the LEAPS comment. LEAPS are not naked options. If you by a LEAP, the only difference from buying a normal call is time. If I buy a Call or LEAP, I simply am forced to sell it if I do not have cash in my account to exercise with at expiration. This week I bought Gemstar Aug 60 calls in my IRA. If I do not have cash to exercise them in August, I will be forced to sell them. Ritch

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