Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.13

-0.5%

9:32 AM EST

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To: IngotWeTrust who wrote (72227)	5/23/2000 4:52:00 PM
From: waverider	Read Replies (2) of 152472

Folks, you might want to consider selling puts as a proxy for buy orders down the line. If you think Q will get to $70 or whatever and you would like to pay that price then selling a $70 put would be a possible way to execute...when you get "put" upon. This nice thing about this is that the money you need to back up the purchase can still be making interest, and the premium you obtained by the put sale further lowers your cost basis. At the rate we are going the low 70's is a real possibility...a place I would LOVE to pick up more Q. That is why I sold some June $75's yesterday. Hope everyone is hanging in there. <H>

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