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

To: Farfel who wrote (55319)	12/21/1999 12:14:00 AM
From: Sdgla	Respond to of 152472

Farfel, I have been trading Q options(calls)for the last 2 months..after patiently taking a position in common stock..that gut feeling you referred to only took 2 weeks to pick up after watching the poker game play out a few times....nothing like it. Just finished reading some of your posts on Leaps. What would happen to a 2002 leap if the company in question were to be purchased before the expiration date ? sdgla

To: Farfel who wrote (55319)	12/21/1999 9:17:00 AM
From: Uncle Frank	Read Replies (2) \| Respond to of 152472

>> Peter---you obviously have never played options on Q---I purchased a Jan 200 Call on Qualcomm, strike price 240 on the day of the last earnings report about 1/2 before close----I paid 18 3/4 or $1875 plus $27 in commissions: for a grand total of $1902-------that option, although I sold it already for a quick $10,000 profit----is now worth $22,750. So, please don't tell people not to do something which you obviously neither have done, nor understand. OK, I've done it and I understand it, so I'll accept your suggestion to comment on it. The type of options play you just described is about as close to investing as Ripple is to Dom Perignon. You might as well head to Las Vegas and play craps and report back on the 6 passes you made. Have you been doing this very long? The pro options players I know don't hold short term calls through an earnings report, as 2 out of 3 times they lose value. Did you think you knew something, or did you just feel lucky? Peter's advice was sound, from an investor's point of view. Feel free to disregard it, but since you clearly don't understand it, don't knock it. Prosperous investing, uf