Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: SirWalterRalegh who wrote (39115)	8/31/1999 9:24:00 PM
From: JGoren	Read Replies (1) \| Respond to of 152472

My conservative financial training from Wharton: Covered calls should be used for stocks that have a predicable trading range or move very little. For example, prior to January of this year, selling Qcom calls when the stock reached 70; or, selling calls on cyclical companies on their downward slide. Qcom is way too volatile and unpredictable--especially towards the upside. With anticipated increases in earnings in the range of 30% and the prospects of "events-news" moving the stock--and the fact that the company is in its growth phase, there is way too much risk that your stock will be bought out from under you.