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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.25+0.6%Dec 19 9:30 AM EST

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To: Jacob Snyder who wrote (76245)7/11/2000 7:18:30 PM
From: Logos  Read Replies (1) of 152472
 
>every time I used short-term (less than 12 months) options,
>I lost money.
>Every time I used long-term options,
>I made (lots of) money.
>This was a very consistent pattern.
>The market taught me a very important lesson,
>and I no longer buy anything except longest-term LEAPs.

I used to do the same thing. But I wonder if that's a good policy with a stock as volatile as QCOM, which implies very expensive options. A better alternative to buying LEAP calls, why not just buy the stock and save the loss of premium headaches? Upside may be somewhat less, but risk seems way less.

Logos
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