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

To: Jim Willie CB who wrote (52542)	12/4/1999 11:36:00 PM
From: Boplicity	Read Replies (2) \| Respond to of 152472

re: I like the recent relationship between QCOM and that Canadian security outfit Certicon I wonder is Certicon could be look at as a wireless Checkpoint <CHKP> Greg

To: Jim Willie CB who wrote (52542)	12/5/1999 2:38:00 AM
From: Curbstone	Read Replies (1) \| Respond to of 152472

wireless detection is a natural... this realm will boggle our minds eventually with recognition systems programmed with deep intelligence... e.g. detecting a recognized wireless person who has come into range... Oh sheeeit, Wilbur, you're talkin' the wireless equivalent of Instant Messenger. Imagine driving down the freeway when suddenly good ol' Harv Liplock pulls into range, his phone alerts him that you're three cars ahead of him, and suddenly without warning you hear the gizmo in your shirt pocket yell, "GEEEZ WILBUR, HOW THE HELL ARE YA?" you look in your rear view mirror and sure enough, there's old Harv with his face pressed against the windsheild wavin' at ya like the flippin' retard that he is. No thanks, I'll invest in QCOM and communicate via analog. AM

To: Jim Willie CB who wrote (52542)	12/5/1999 11:26:00 AM
From: Jenne	Read Replies (1) \| Respond to of 152472

Play Description We couldn't have scripted this play any better. QCOM behaved exactly as expected finding support at higher-lows on low consolidating volume. If the channel holds, $368 +/- will be the new support. Also textbook-like, resistance came at $390 (actually $392) before heading down again. In Friday's euphoria, QCOM found support at $383, but we think there will be dips to buy along the way to a probable breakout. Remember, QCOM is forming an ascending pennant on the chart, which generally portends a breakout on huge volume. What will drive the volume? The 4:1 split (which will be voted upon at a special shareholder meeting on Dec 20th - any objections?) which will likely be effected quickly thereafter; and then the prospect of QCOM making an announcement of the disposition of its handset business at the same time. Barring the normal market fluctuations or a market- wide meltdown, look for entry points on ascending support and sell points at $390 as long as volume remains low. We are not suggesting this will be the date (it could obviously happen sooner or later), but December 9th or 10th is the graphical convergence date. It is also well into the time period when a typical split run takes place. When you see big volume move the price over $392 and Dec 20th hasn't happened yet, get on the train, but don't give up give up your judgement. Until then, plan your trades using support and resistance just like any other. Update The news is above, but some words of caution before you jump in: don't buy December strikes and sit on them. The time decay will eat us alive with only 2 weeks to go, not to mention that they will be worthless 3 days before the shareholder meeting. As we noted Thursday, 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. HIGH PREMIUM ALERT !! Another good strategy for this play would be to go long the stock and write covered calls at or out of the money. The premiums are so inflated that even an ATM contract with 10 trading days remaining can yield roughly a 5% return until December 17th. *December strikes expire in 2 weeks* Action Month Strike Symbol Open Interest Closing Price Stop Loss Comments BUY CALL DEC-370 AAF-LN 2577 29.25 22.00 BUY CALL DEC-380 AAF-LP 2194 23.00 18.00 BUY CALL DEC-390* AAF-LR 2188 18.163 14.00 BUY CALL DEC-400 AAF-LY 3501 14.38 11.50 BUY CALL JAN-380 AAF-LP 1240 47.88 37.50 BUY CALL JAN-390 AAF-AX 741 45.00 35.00 See risks of selling SELL PUT DEC-360 AAF-XL 1108 8.00 10.25 puts in p optioninvestor