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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.20-3.3%3:59 PM EST

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To: Ibexx who wrote (92155)1/19/2001 5:06:26 PM
From: Uncle Frank  Read Replies (3) of 152472
 
I'm having difficulty understanding your comments, Ibexx.

>> I was referring to investors who thought they could leverage through call buying.

I can't think of another reason to buy a call (other than hedging a short position). Is there some other value to buying calls other than leverage?

>> These folks usually don't worry about timing (of selling) as the pros do.

What one buys with an option is time - and the opportunity to "time" a sale at a profit. Far from being a secret restricted to the pros, I think that's fairly common knowledge.

What part of your message am I missing, Ibexx?

uf
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