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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 159.42-1.2%Jan 16 9:30 AM EST

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To: jmac who wrote (65154)1/29/2000 11:53:00 AM
From: Jill  Read Replies (2) of 152472
 
You have to decide about what kind of trading range your stock is in. QCOM ain't gonna rebound 50 points anytime soon. Until we have some great news, we're in a down cycle. And I sold Feb 145s a few days ago for $4 when we were at 128, and bought them back for $1 yesterday. No way was QCOM retracing back up to 145. It it out of its normal upward spiral of volatility. Temporrarily, the "story" has changed. As edamo says, chump change adds up over a year.

I can't tell you about puts--I'v enever bought puts.
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