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


To: Jill who wrote (54936)12/18/1999 12:02:00 PM
From: PAL  Read Replies (1) | Respond to of 152472
 
Hi Jill:

Thanks for the kind words: I sold Apr360 at 35 1/2, did not check, yes it has decayed quite a bit. Might look at into 370 or 380. Make sure you choose the s/p you are comfortable with.

A WORD OF CAUTION (especially to those selling April's puts):

APRIL COULD BE A VOLATILE MONTH. 1999 WILL MARK AS THE BEST YEAR OF NASDAQ. UNCLE SAM WANT HIS SHARE. NOT ONLY TAXES ARE DUE MID APRIL, BUT QUARTELY PAYMENT IS DUE AS WELL. MANY PEOPLE WILL HAVE HUGE TAX OBLIGATIONS, AND TAX SELLING MIGHT PUT STOCKS UNDER PRESSURE.


Best regards

Paul

PS: New thread? I'll think about it.



To: Jill who wrote (54936)12/18/1999 1:09:00 PM
From: Jimbo  Read Replies (1) | Respond to of 152472
 
Jill I sold the Jan 320s and 360s a while back - I they are slowly decaying due to time a stock price. With further run up on the Q price why wouldn't selling say the JAN 400s be a good play ! With the intent to buy them back later !

I too like the APril 360s play would rather sell them at 33 not the 28 they are currenlty at. I am hoping a bit of a pullback on the Q prior to the final split run !

Thanks for any response !