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

To: waverider who wrote (55111)	12/19/1999 11:22:00 PM
From: Ibexx	Read Replies (2) \| Respond to of 152472

Diamond and thread, Re. The only thing that I see as a reasonable move if you must do something is just hang on to the stock UNTIL the correction...then sell it to buy the LEAPs. That's what I did when we had that March correction and it was the best thing I've ever done... Now, that's the right way....someone had it backwards awhile ago. SI is dangerous! Regards, Ibexx

To: waverider who wrote (55111)	12/19/1999 11:35:00 PM
From: Jill	Read Replies (1) \| Respond to of 152472

Those leaps are so darn expensive right now. I don't know what will constitute a correction near term (in the next month or so) but I'd love to buy some leaps but I find it hard to swallow the price. You were very smart Jill

To: waverider who wrote (55111)	12/20/1999 12:58:00 AM
From: Voltaire	Read Replies (1) \| Respond to of 152472

Hi Dude, Yes you are correct, you owe me one and a good one to. People have to understand how I think about everyday pullbacks so the cost of the leaps are immaterial at this point. there is not going to be a severe correction for Q because of the floor presented by the split. I just need time to execute my plan and leaps give me that with less stress. see my post 55121, I cannot do this comfortably with short term leaps because of all the variable, splits, earnings, MM game playing, Houses playing etc. I love TIME! Peace in the Canyon, V

To: waverider who wrote (55111)	12/20/1999 9:34:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 152472

D, You are exactly right; that is the way to do it.This what happened to me. I converted 1/2 the stock into options on the sudden drop to 150 in early September. I made about about 5x what I wold have just holding the stock, even though I was selling stock into the drop. Although the stock dropped 20%, the options went down 60%, and when the stock rebounded, the options have obviously out run it by a large multiple. I have all stock now again, and will do the whole drill again on the next 25% drop. I will probably grab options out as far as possible and more leaps, so that the time is on my side.