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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (4963)	8/20/1999 8:20:00 AM
From: Jill	Respond to of 54805

God99 is funny Lindy, I'm going to post it on the MSFT thread! Jill

To: LindyBill who wrote (4963)	8/20/1999 12:56:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 54805

Q is over 170. Looks like you are in deep do-do, Frank. Better pray for a sell-off, and quit trying to out-guess Q. It is just too volatile!

To: LindyBill who wrote (4963)	8/20/1999 6:33:00 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 54805

To Dancelot and All: Here's a summary of my Qualcomm covered call play; may it serve as a lesson to all of us: 7/26: Sold to open aawhm* covered calls at 4/sh. (qcom was at 154 1/2) 8/20: Bought to cover aawhm* at 8 1/2 sh (qcom was at 172 5/8) Net result: based on its closing price of 175, qcom increased by 20 1/2 points during this period, but I only enjoyed 16 points net appreciation. Conclusion: I will hold qcom and add to it on dips, but will never again try to time it. It was a pretty cheap price for a very important lesson. Frank *aawhm = August 165 strike price calls