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: Jim Willie CB who wrote (45000)	10/15/1999 6:50:00 PM
From: EepOpp	Read Replies (2) \| Respond to of 152472

hey Jim, couldn't resist today. Bought back into QCOM with an April 170 call at end of day. The Q could only manage a 5 point drop on a day when the DJ went down 200+ points and the Naz down 75. Seems pretty strong to me. Like you said, 9700 for Dow is nothing. EepOpp ps. I've got a reading of 1.05 for the put/call ratio from the CBOE. cboe.com I've never seen it this high. Then again, i've only started looking at it this year.

To: Jim Willie CB who wrote (45000)	10/15/1999 6:58:00 PM
From: JohnG	Respond to of 152472

JimWillie. What to do? Nothing I guess. Sitting on all my Q w/ nice gains. Dumped a chunk of 15X HD at 74 this week so there is dry powder. But, my bias is down again Monday. So, Q will stay in 90's a day or two. This is not a time for individuals to be leaders. JohnG

To: Jim Willie CB who wrote (45000)	10/15/1999 7:02:00 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

"MMike, with all due respect you claimed I made a big mistake on Monday selling Qcalls you thought with Geneva conference, QCOM onward upward" Actually I questioned trying to time the market in regard to options on expiration week. However it is true you were correct. However I feel the breakdowns are just starting, and we will see further downsides.

To: Jim Willie CB who wrote (45000)	10/15/1999 7:10:00 PM
From: marginmike	Read Replies (2) \| Respond to of 152472

"dont forget Treasury Bonds came off their rate highs today that is significant" That was due to a flight to quality, not fundimental improvements. Even Larry Kudlow is now preaching that rates must rise. Though the bond might not go up it aint going down anytime soon. This market is in a rolling correction which is 2/3rd's of the way through. Unfourtunatly high fliers who have held till know are next on target. INMO that includes the Q, SUNW, MOT, etc. The reality is we are all trying to fight the tape and the fed. That is a bad Idea. I think it is irrelevent in the short to 6 month term. I think the market will close arround where it is now on DECEMBER 31