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


To: Ruffian who wrote (50723)11/17/1999 4:47:00 PM
From: PLeaps  Respond to of 152472
 
Thanks for that piece of options news. That is all I have to hear to warm the heart. Good night.



To: Ruffian who wrote (50723)11/17/1999 5:23:00 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 152472
 
<< even being greedy hoping that some in the money calls will go out of the money by Friday >>

RuffDog, this is the key phrase in the FloorTrader's message

this could be the match to light the fireworks

if a slew of Nov310, Nov 320, Nov330, Nov340 calls are written naked, and QCOM recovers
(recovers from others buying and from these naked holders covering),
then we will see gradual rise in price

first covering would be the lowest strike price naked contracts, then next lowest, etc

I smell a chain reaction... lets hope it starts
these sonsabitches will attempt to take it down again tomorrow

BUT BUT, if some deep pocketed hedge funds coordinate efforts to skewer the naked option traders,
it will not be difficult to light the match

we will see
dont fxxx with Qualcomm
this is better than sex

/ Jim Willie