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Pastimes : G&K Investing for Curmudgeons
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To: shamsaee who wrote (2491)5/31/2000 10:22:00 AM
From: Uncle Frank  Read Replies (2) of 22706
 
>> Any recommendations on 2003 leaps (dates and price target) would be welcomed from your evil twin.

All 2003 LEAPS expire on the same date (1/18/03), so that part of your choice is easy.

As far as strike prices, how do you feel about qcom's prospects over the next 30 months?

Cautious? Buy the stock, not the LEAPS.
Positive? Buy DIM LEAPS (50 range).
Optimistic? Buy ATM LEAPS (70 range).
Bullish? Buy OTM LEAPS (90 range).
Wildly bullish? Buy FOTM LEAPS (100 and up) and some valium.

Note: Unless you're actually planning on holding the LEAPS for a long time, 2002 LEAPS, which still have almost a year before their extrinsic value starts decaying, are less expensive and perfectly viable.

I didn't have to ask my Evil Twin since LEAPS are a perfectly acceptable LTB&H play. Even Buckley has a few, and you know how conservative he is.

cuf@wonderwhyheplayswithgreenchips?.com
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