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Pastimes : Tidbits

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To: Dr. Id who wrote (236)6/16/2000 9:54:00 AM
From: edamo  Read Replies (1) of 1115
 
doc....qcom "fud"?(as in "elmer")
today qcom appears firm on early strong volume...i nibbled a bit last week with 25 02200 short puts at 121...assigned cost of 79....this a.m. prior to open i was assigned on 9 contracts (900shares)...risk is clear...no different then long at 79, for a ltb+h position...

i find the psychology interesting, particularly in analyst comments....in january 250(1000) was touted....many sold the farm and invested in qcom....ironically the analyst prediction was at a topping point....now the reverse occurs, and the stock sells off...perhaps a bottoming indicator?

nothing has changed fundamentally....i was not a buyer at the higher levels, but below 80, it should be a good stock to inventory and sell against.....although near term it may have a perception problem
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