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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: Uncle Frank who wrote (2720)	10/15/2001 2:55:17 PM
From: Andrew N. Cothran	Read Replies (3) of 5205

Uncle Frank: It will be interesting to see how QCOM'S stock price moves between now and Friday. I am such a cynic in that I still tend to believe that the 'powers that be' will exert every effort to keep QCOM close to and a fraction below 50 because of the open interest in that October strike price. All the good news about the company can be held in abeyance for that long so that the poor longs can be milked of the remaining value in the strike. If QCOM closes on Friday at or slightly below 50, my cynicism will be vindicated. It if closes above, then I will admit my mistake both in strategy, timing and wisdom.

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