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

To: JohnG who wrote (55202)12/20/1999 1:07:00 PM
From: Uncle Frank  Read Replies (1) | Respond to of 152472
 
>> So, which Leaps are you partial too in today's conditions

Today's market conditions have no impact on my LEAPS selection process, JG. Long term expectations for Q is the only criterion I would rely on.

I'm partial to DIM LEAPS plays on Q, since I like to use them as a stock substitute. Note: if I were buying to open a position on Q LEAPS calls, I would not purchase any of the 2001 expiry series, as they will begin acting like common calls, in terms of premium decay, in the April 2000 time frame. 2002 expiry 460s would be my choice at this moment.

jmho (Kelly K. would be a far better guru),
uf



To: JohnG who wrote (55202)12/20/1999 1:32:00 PM
From: Poet  Read Replies (1) | Respond to of 152472
 
John,

Re QCOM LEAPs, I agree with Frank that the 2002 series is the year to buy at this point, but suggest that buying as far out of the money that's currently offered is the way to go, as they'll be (marginally) less expensive and therefore you can increase leverage by purchasing more of them. This is suggested by Roth in his LEAPs book.

And remember, with QCOM, each LEAPs call bought now will be 4 LEAPs in 2000.


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