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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (6310)2/20/2002 7:24:42 PM
From: pinhi  Read Replies (1) of 13815
 
"another chance at QCOM" Bo, today I sold the QCOM mar 35 puts today for $2.50. If QCOM is put to me at 35, my cost basis would be $32.50. Concensus earnings for '03 ending in sept. is $1.18. $32.50 divided by $1.18 yields a pe of about 27. I know the chart is ugly, but it seemed to hold the lows set last week. Hells bells, if it drops to 30, I'll sell the 30 puts, but I think we are coming into buying range-no pun intended. PE of 27? HMMMMMMMMMM

Pinhi
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