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


To: Jim Willie CB who wrote (46694)11/1/1999 4:33:00 AM
From: lurqer  Read Replies (2) | Respond to of 152472
 
some people relish shorting puts naked
with the Q it is a near lock winner


Residing in its "natural home" Q's stock begged to be played. After its spring metamorphosis, its behavior is different and I'm still trying to learn to predict it.

However as a start, I've begun selling puts - naked as I would be very nervous shorting Q.

I have some Nov 190's sold near the money. I know where the 50 day EMA is and can make an educated guess where it will be Nov 16th. My worry is "What if the market tanks?" I don't have any experience with how the "new Q" would behave in a bear market.
I'm not saying I'm expecting a bear market, rather just wanting to assess the downside risk. What is the market risk in Q's stock? Any comments would be welcome.

lurking ...

luqer