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

To: Jim Willie CB who wrote (52294)	12/2/1999 10:39:00 PM
From: waverider	Read Replies (1) \| Respond to of 152472

OT...Jim, the Yahoo site doesn't show volume from what I can see. Thanks though...send me that site tomorrow once you are relased from the WebTV nightmare :) Rick

To: Jim Willie CB who wrote (52294)	12/2/1999 10:50:00 PM
From: marginmike	Read Replies (2) \| Respond to of 152472

An option question. I was just looking at Qcom options. I noticed that the spread between calls and puts at the same strike is like 40%. Couldnt one buy the Dec 370put and sell the 370dec call against the stock and make 11,000? So you buy the stock for two weeks and you sell the calls guarenteeing an 11,000 profit. if the stock goes down you have 28 in call premium you recieved plus put protection, so also guarenteing an even biger profit. Now what am I missing? I know 11,000 on a 370,000 investement isnt great but it 3% for two weeks guarenteed. What am I missing?

To: Jim Willie CB who wrote (52294)	12/3/1999 12:29:00 AM
From: Ruffian	Read Replies (2) \| Respond to of 152472

Option Investor> QCOM $374 +9.88 (-10.75)) Up almost $10 today on only half the ADV - talk about a great consolidation! Yesterday we got a $355 buying opportunity, and today another one at $363. Support continues to move up, while resistance continues at $390. As we noted, QCOM is forming a nice ascending triangle, which usually portends a breakout. That it's happening on unusually low volume tells us that buyers are hesitant to jump in, but sellers are even more reluctant to sell. QCOM has fallen off the active traders' radar screens keeping the price "reasonable" for us to make an entry. What will put it back on traders' radar, drive the volume and increase the price? How about that shareholders meeting on Dec 20th to vote an authorized share increase (the catalyst that makes the 4:1 split possible), or an announcement that QCOM has found a buyer for their handset business? Those would do nicely, thank you. Get ready. Assuming the market doesn't roll over on us in the next 2 weeks, this is shaping up to be a great play. Some words of caution though: DEC strike time premiums will eat us alive because they are still huge and they expire in 2 weeks. Don't buy these and sit on em. If you can stomach the price, look at and consider the JAN strikes so you don't get the stuffing knocked out of your account from the rapid time decay. For the intestinally fortified, selling ATM puts could produce a turbo-charged return, but also carries nitroglycerin-like risk. JDSU $239.94 +10.38 (-26.06) What great entry points we saw yesterday - $225 at the open with a $15 spike, all in the first hour of trade, followed by four re-tests of the $222-$225 range throughout the day. Today, $233 provided support, as JDSU (like QCOM) consolidated in low end of the channel, exhibiting higher lows. Though 40% of today's gain was a result of a gap up, Dain Rauscher Wessels issued a Strong Buy rating with a price target of $300, which helped a bunch. That follows yesterday's reiteration by SoundView of their Buy rating. JDSU too is a splitter (2:1) on Dec 30th, but it's a bit early for a serious split run to begin. Even so, as the primary producer of passive and active optical components used in NT, CSCO, LU, and TLAB's optical components, it won't stay down for long. Nonetheless, with any market correction, JDSU will likely move with it. There is strong historical support at $225 (yesterday's 10 mln shares plus confirms that), whereas channeling support is more like $227-$230. Target shoot to your own level of risk tolerance. With an almost $18 recovery since Tuesday, remember to protect your profits with stop loss orders, or at least be disciplined enough to get out and buy it back later if the trade heads south on you. While a potentially great play, it still carries above average risk. P.s. - don't be alarmed to read the Furukawa Electric of Japan sold 1.8 mln shares of JDSU (a big chunk of yesterday's volume); they did it to pare down some debt and still have 36.2 mln shares left.