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

To: y2kate who wrote (52824)	12/6/1999 10:12:00 PM
From: steve mamus	Respond to of 152472

Thanks for the referenced post. At this point I like selling puts alot. However you do need deep pockets. I like largely way out of the money puts (which for QCOM is at least 70 - 80 dollars); during the recent pullback to 328 I sold 400 contracts and that has worked out nicely. If 600 dollar calls become available anytime soon ( and I suspect that they might)I would sell those aggressively. I don't like covered calls but I have a hard time understanding a valuation of 600+ in the near future which has been alluded to multiple times on the various QCOM boards. However when you look at the recent runs in NSOL, NOK, INK it becomes more possible. The more I think about it if there was a major strategic alliance with good PR (blockbuster deal with NOK or MOT or LU/INTEL/DELL/SAMSUNG/MADONNA - did I leave anyone out) and major analysts upgrades (such as ML-I know everyone hates them but their upgrade didn't harm NOK today did it)+ split - I suppose a run at 600 becomes possible. I differ from many on this board in that I do believe that stocks should be traded like commodities when the price runs are extreme - the only problem here is that a 200 point run in next 4-8 weeks amounts to only a 35% run up in price - its possible and the more I think about it it doesn't seem that impossible.