Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 3:59 PM EST

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To: alanrs who wrote (95131)	3/3/2001 1:53:31 PM
From: Skeeter Bug	Read Replies (1) of 152472

alanrs, wrt investment style, i would STRONGLY recommend you take a LONG term approach to options. they can be very seductive and few can discipline themselves to make money over the long term and many lose their butt. i'd recommend a 90/10 system. eg, set aside $100k. take 90%, $90k, and invest in some kind of high yield cash account. this dough is off limits for the year. take the $10k and use it to play the options game. step into positions 1/3 at a time. swing for the fences by buying out of the money options. you have to develop a theme. up until 3/2000, those that had a bubble theme made out like bandits. maybe you have a bear or a turnaround theme. remember, you only get $10k for the year and it w/b wise to diversify. step into $200-$300 contracts at a time. even if you lose all $10k, you will only be down about 4% b/c you should get 6-7% on your $90k. worst case scenario. best of luck and don't get greedy or you WILL lose your dough.

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