Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Voltaire who wrote (61564)	1/11/2000 8:13:00 PM
From: Neal davidson	Read Replies (1) of 152472

V--I am a little confused by the scenario you are envisioning and how you plan to attack it. If you think earnings are going to be very good, and another split is going to be announced, why would you sell the calls three days before the announcement. It seems to me that the earnings and split announcement would drive the stock up, and that selling the (covered?) calls would be better timed by selling after some of the stock run up caused by the announcement. Additionally, why not go totally short (or sell naked calls or buy puts) if you think the drop is inevitable? You could buy back in after the fall, and even if you do not time your re-entry perfectly, you will have saved a lot of money. Finally, do you expect to get a dollar-for-dollar hedge by selling the calls? Neal

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