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

To: Wyätt Gwyön who wrote (5700)	8/31/1999 6:34:00 PM
From: Sunny	Read Replies (2) \| Respond to of 54805

Gentlemen and lady, All of this exuberance over puts and calls on Qcom may force me to learn a bit more about this strategy and try my hand in the options market. You know, seeing people demonstrate their happiness over making money is infectious. (I would like to think that I can be persuaded or taught things when it is in my best interest) congratulations. Sunny

To: Wyätt Gwyön who wrote (5700)	8/31/1999 9:33:00 PM
From: edamo	Respond to of 54805

greg...re: fundamentals.. agree with all you say...my comments with the technical and momentum aspects of the stock are very important if you are considering options...entry and exit points have to be optimized...remember the very essence of an option, even a leap is its limited life...can only buy and hold so long...today perfect example...5 point swing in the sept 190 call...entry could make the difference between successful option position and loss...qcom has an upward bias, but it has made several cycles where it surges, retraces to 50dma and again surges, if it replicates this pattern you may see below 180 in the next two weeks. this is an options perspective only...that is why i stated selling calls above 190...puts below 180....retrace is actually healthy especially when it sets higher highs, it proves that supply is limited and daily volume is day trade type. at this point there is no indication of true selling into rally...looks more like shorting and the rush to cover at any price...would prefer to see a base form for a sustained non momentum advance....