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

To: Jim Willie CB who wrote (49301)	11/12/1999 5:25:00 AM
From: uel_Dave	Read Replies (2) \| Respond to of 152472

Jim, How do you like the volume on this run? If the volume keeps up after the split then Q will be always in the top five volume stocks from the Nasdaq. The 4:1 split would have put Q in #2 position yesterday behind DELL and ahead of MSFT. The 4:1 split would have given 32 to 48 million shares traded daily during the last few weeks, which will again get QCOM on the radar screen for more investors after Dec. 30th. Thanks, David

To: Jim Willie CB who wrote (49301)	11/12/1999 7:29:00 AM
From: Jill	Respond to of 152472

Re: QCOM and probability waves, vectors, speed, split photons etc: Many people have been buying up more equity of late. Formerly this is what I would have done. But having communicated by PM with several people on SI who have leveraged relatively small portfolios into ones with two commas and then tripled and quadrupled that, they began with OTM calls (and sometimes leaps calls) on stocks with great fundamentals at the time, whether MSFT or EMC or now for us, the mighty Q--or per Voltaire's recent examples generously shared with this thread. Some could call options gambling, but in every case I've heard the investors studied the trading patterns and thought out their plays very carefully; in some cases these people began with only 1 or 2 contracts at a time. Q is moving so fast that you can sell, exercise or roll out these contracts in a matter of weeks or months, not years. But in any case, it seems a way to ultimately accumulate equity at much lower prices than today's market, last week's market, whatever. Even better than selling puts, which was taught to me as a way of getting equity cheaper. So I'm accumulating calls. A few days ago, following Voltaire's example, I sold the April 250's I'd bought on Nov 2, before earnings were released. Because I'm not as brave as Voltaire or some others, I kept a "double" of cash to use elsewhere, so that even if I were to lose my investment in the calls I'd still have a double. But the leftover cash from those calls (And this makes me faint, they'd quadrupled in about 10 days), I was able to buy 3 Jan 330s for every 1 April 250 I'd sold, still keeping my "double" for safety or insurance. Honestly, I hardly know what I'm doing. I've never skiied, but I feel I'm skiing downhill very fast on perfect powdery snow and I'm just doing what some of the Olympic skieers ahead of me are doing. I don't usually detail plays publicly, but I'm finding this strategy so useful at this unique moment in Q's history that I thought I'd put it out there for others, and for comment. God knows what I'll do in January, I'll have to get some advice about what to exercise and what to sell re: tax problems. I guess I'll be begging favors from Mark Peterson then! Jill