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To: Lizzie Tudor who wrote (48993)6/23/1999 12:22:00 PM
From: John Pitera  Respond to of 86076
 
I was happy when it went to it's 50 dma last month and closed out the majority of my position in QCOM, I still have a few July puts on it.

There were a few us who closed out positions, back in May.
I was just looking at the puts today as it has had a big run, the vollies are pretty high. I would prefer to see QCOM up another 12$ or so, before shorting or putting it.

127.0.0.1:3456/SI/~wsapi/investor/reply-9777603

QCOM got back to it's 50 dma so It made sense for it to rally. I
sold some puts a the start of the day as
QCOm had been down for a number of days and had declined into support


Telco has been very strong but even stocks like UNPH look like they may need a pull back, I bought a few UNPH puts today..

127.0.0.1:3456/SI/~wsapi/investor/reply-9769905

Good Old X, did some short covering at the QCOM 50 DMA as well.