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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: FaultLine who wrote (581)	5/15/2001 8:14:11 PM
From: Sully-	Read Replies (1) of 5205

I thought about uncovering my QCOM June $60's yesterday when it was near $3....... I was looking for more weakness in the overall market to help push QCOM down some more, but it didn't......... That's what I get for being greedy :- IMO, there still might be time depending on the spin Mr Market puts on QCOM's excellent news..... it could still sell off for a spell...... or not <g>..... I just don't see anything taking off to the moon in here myself. IMO, once QCOM does move, selling ATM CC's could leave you with pangs of opportunity cost. BTW, your NTAP $25's look good to expire worthless....... if Mr Market sees their 2¢ this qtr & flat next qtr as a 'concern'...... their P/E will inflate with the reduced YOY earnings...... Max-Pain shows NTAP @ $20. I really enjoy this thread FL. Lot's of good discussion & diversity of opinion. Ö¿Ö

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