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

To: Voltaire who wrote (48290)	11/7/1999 11:36:00 AM
From: 100cfm	Respond to of 152472

volt, not that i'm counting your money but i think in your anger(which you have a right to be. i didn't agree with the vulgar name calling. a difference in opinion is fine, name calling is unnecessary) you miscalculated. $2,225,000 +$ 95,000 -$ 145,000 +$ 700,000 =$2,875,000 (tough to argue with) best to keep the details accurate in these types of arguements.

To: Voltaire who wrote (48290)	11/7/1999 11:49:00 AM
From: Percival 917	Read Replies (1) \| Respond to of 152472

Hello V, Excellent rebuttal. We have communicated and at some future point, I would be happy and sleeping soundly at night having you managing my portfolio. I wish the thread would learn to lay off the personal attacks. If you don't agree, find a way to express it in a civil tone. If you can't do that then just ignore it. These provocative posts serve no purpose other than to distract us all from our goals. JMHO Joel

To: Voltaire who wrote (48290)	11/7/1999 12:14:00 PM
From: Drake	Read Replies (1) \| Respond to of 152472

V, et al, I'm trying to buy 6 cdma phones for Christmas presents -- who has the best, least-expensive PLANS available? Wishing all well, dc

To: Voltaire who wrote (48290)	11/7/1999 12:35:00 PM
From: Greenfield	Read Replies (1) \| Respond to of 152472

Thank you for your very informative case study. I have a couple of questions. 1) The strategy saved you a lot on capital gains tax (compared to simply selling half the position). What would you have done differently (if anything) had the 10,000 shares been in a tax sheltered plan? 2) What are the criteria for deciding to cover 50% of the position? Why not 25% or 75%? 3) What is the worst possible outcome of all this? I assume it is if the stock skyrockets and your shares are somehow called away before you have a chance to buy back your calls. In that case you will get a credit of 5000$220 for the called away shares but in order to restore the position you will need to spend in the case of QCOM a minimum of 5000$250 or so to buy back. You stress that this is unlikely though and in your case I guess there wasn't any time for the shares to be called away. Just trying to understand as I have not dabbled in options yet but the capability to manage risk seems very useful.