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


To: jmac who wrote (60364)1/6/2000 8:25:00 PM
From: Cooters  Read Replies (1) | Respond to of 152472
 
jmac, We are only 4 days in. Lighten up. No No, not on QCOM, on yourself.

enjoy!!!!!

Cooters



To: jmac who wrote (60364)1/6/2000 8:38:00 PM
From: Kayaker  Respond to of 152472
 
jmac, if I'm not mistaken, most folks here are just long either shares or calls or both. I don't see many folks doing covered calls on QCOM. IMHO this isn't the stock for covered calls unless you have particular reasons for being conservative. Too solid and too much upside potential.

If I (like you) had sold calls against my shares, I'd be thrilled! Ask around, but if I were you, I'd buy back the calls now that they're cheaper and just ride the stock alone.

PS. I lost more than Mile this week and am not sweating (much).



To: jmac who wrote (60364)1/6/2000 9:02:00 PM
From: jhg_in_kc  Respond to of 152472
 
jmac, give yourself a break. Realize how irrational what you are saying is. <So far in 2000, I have done a very poor job of investing my family's money. I haven't done my job.> In the name of God and man, please realise, you have only had four days to trade in 2000, only 4 out of 365. calm down. do the rational numbers and probabilities. you will be o.k.
jhg



To: jmac who wrote (60364)1/6/2000 9:05:00 PM
From: RocketMan  Read Replies (2) | Respond to of 152472
 
jmac, you've got to cool it, for your own sake. Money is money, health is health, friends and family are friends and family, and the sun will still come up tomorrow and the day after and the day after that. I've gone through really severe stock dives where I've lost as much as 90% of my investments and you know what? The world didn't end. I learned from my mistakes and came back. This is not that big a deal, it is just a compressed correction, it will soon be over. And unlike the bad stocks I've been in, which never came back, I have no doubt about this one or the others I'm invested in. That's why they are gorillas. The only way for these stocks to fail in the long term is if our economy goes back to smokestacks and child labor. And not even the Fed can pull that off.



To: jmac who wrote (60364)1/6/2000 11:03:00 PM
From: slacker711  Respond to of 152472
 
I worry about everything. It's not greed. It's just my nature to lose sleep over things like this. The market is now my full time job. I don't day trade. In fact, i hold for quite long time. I was an attorney for many years but the stress got to me. And, the day to day dealings of scum. If I fail to make money in the market, then I fail.

I know that others on this thread (with likely a lot more experience than me) have responded to your posts and tried to convince you not to sell....but FWIW I am going to disagree. I am not particuluarly talking about tomorrow but if you are in stocks that are too volatile to allow you to sleep then it is time to reconsider your portfolio. Someone wrote that the first rule is to preserve your capital....the first rule should be to know yourself and to invest accordingly.

It's not worth the extra money to be beating yourself up about your performance over the first few days of the year. You indicated that you had a pretty substantial amount of money....there are quite a few less volatile ways to make money (eg bonds/utilities). Take the interest/dividends and run....

JMO....

Slacker



To: jmac who wrote (60364)1/7/2000 12:16:00 AM
From: R.V.M.  Read Replies (1) | Respond to of 152472
 
<So far in 2000....>

None of us who held through this are feeling great about our trading tactics....I wish I'd dumped my IRA at 200 and bought back 30% lower, but hindsight is 20/20.

Those of us who have been in Q since April or so have seen this happen at least 3 times before now. It is part of the territory of owning Q. Never fun for long holders of common, but it always comes back. I would say sit tight.

RVM