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

To: Ibexx who wrote (49841)	11/14/1999 10:01:00 AM
From: Voltaire	Respond to of 152472

Yes, absolutely, why is anyone selling calls in here? If anything I would be buying which I will on Monday! Voltaire Q, is an extremely unusual situation. Covered Call writing for Incomes on other somewhat stable stocks is a different game that is suitable for certain individuals.

To: Ibexx who wrote (49841)	11/14/1999 11:28:00 AM
From: PAL	Read Replies (5) \| Respond to of 152472

One should NEVER sell calls on stocks on a sustained upward move. It'd be like selling prime ribs as hamburger ground. And it'd be extremely ill-advised, to say the least, especially on stocks like Q*. No one could have said it better. The basic principle of selling call is that one's outlook for the stock is neutral to bearish. Some suggest to sell OTM call with strike price higher than what it would be at expiry. Wish that we have a crystal ball. Taxes should never be a consideration. The more money you make the more you pay taxes. In America taxes is only a fraction of profit. I will be happy to pay more and more taxes resulting from more and more profit. Paul