Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (841)	1/9/2000 8:13:00 AM
From: Jill	Read Replies (1) \| Respond to of 8096

Some interesting plays last week from Option Investor newsletter, which reflect talk on this thread: Lucent: LU Jan-2002-45 leaps _ optioninvestor.com What can I say? Lucent onsale at -25% off, I could not resist. I bought the Jan-2002 45 calls at a bargain price. Does anybody not expect Lucent to be over $100 again next year and maybe $150 the next year. I bought these in my long term account and I will write covered calls against them until they are paid for. Whenever a good company takes an undeserved hit you should always take advantage of it. 170 million shares changed hands on Friday. You could not sell 170 million shares and have the price go up unless quite a few people thought is was a bargain. Does anyone else on the thread write covered calls against leaps to reduce cost basis? We've talked about selling puts in order to do that. On to the next excerpt

To: Poet who wrote (841)	1/9/2000 8:26:00 AM
From: Jill	Read Replies (1) \| Respond to of 8096

Some more excerpts--these are a few I'm interested in although not long or short or anything at the moment, and not going to do anything about this: (he covers a ton I won't mention) GSTRF - Globalstar Telecommunications $35.56 Globalstar Telecommunications is a general partner of GlobalstarL.P. (Globalstar), a development stage limited partnership whichis designing, constructing, and will operate a worldwide, lowearth orbit satellite-based digital telecommunications system.Globalstar has launched almost one half of the 52 satellites thatwill complete its full constellation. Globalstar intends to offer low-cost, high quality telecommunications services, includingvoice services, messaging and paging services, remote monitoring,facsimile and other data services, including position location.Loral Space & Communications (LOR) is the managing general partnerof Globalstar, with a majority ownership. Lots of recent news and announcements on this issue and in the satellite industry and wehave had a number of successful plays in this group. The recentconsolidation provides us with an excellent entry opportunity. Chart = quote.yahoo.com ____________ ORCL - Oracle Corp. $103.38 (-8.69) Oracle is world's largest producer, seller, and supporter of database management systems. If you need the ability to simultaneously access the same data for different applicationsall at the same time from mainframes to wireless handsets,Oracle has your software. Oracle's most eligible billionairebachelor and CEO, Larry Ellison has developed the latestversions to support Internet appliances and PC's using Web-based programs. Despite spending millions on toys, includingthe coolest airplanes, boats, automobiles, and the authenticreplication of a Japanese mansion in which he lives, he stillowns about 24% of the company. The last time we played ORCL in early November, it traded at half its current value, and had just received a boost on LarryEllison's strong forward looking comments. December 14th, theproof was in the pudding as ORCL reported $0.26 earnings vs.$0.22 estimates. On December 20, ORCL also reported a 2:1 stocksplit which effects on January 18 after the close, and will beginsplit adjusted trading on January 19. After correcting 25% sincereaching its high on Monday of $125, let the split run begin! Friday's bounce off $93 was encouraging since it came with 50%greater volume than the ADV of 14.4 mln shares, indicating largebuying interest. Don't look for earnings to help out anytimesoon since they won't be announced again until mid March. Ifthe Friday's recovery remains even somewhat intact, support isat $97.50, then $94. Resistance is at $105 and $110, but couldeasily break that with any volume. Target shoot to your levelof risk tolerance. In the news, Merrill Lynch removed ORCL from its Top 10 List -looks like a case of bad timing. The good news is that B of ASecurities upgraded ORCL to a Buy, while Paine Weber added itto its list of 30 highlighted stocks. Though it was announcedearlier in the week that ORCL insiders were selling $113 mln oftheir shares, the selling had already been done, and nobodycared. __________ My favorite, QCOM: QCOM - Qualcomm Inc. $150.00 (-26.13) You just can't get rid of it! We picked up QCOM again this week. It showed us all that it can take the good with the bad.All QCOM needed was the market to be on it's side and it is making it's come back. All week, even with the market tanking,QCOM held at different support levels, showing that investorsare still looking to by the dips. While it did go down as themarket got the blues out of its system, on Friday we saw howinvestors truly are on QCOM's side. Now that it is moreaffordable, nobody wants to be left out of the next move up.Proof of this is the strong volume QCOM had on Friday. Withthe 10-dma at $154 expect that to be possible resistance, butit will likely run to $160 before finding real resistance. Agood point to look at entry would be Friday's low of $133 ifthe Nasdaq has another bad week. With just over a week untilearnings (due out on the 19th) QCOM might not get that low again so to jump in on the intraday dips if the momentum has the stocktrading higher. Now--I keep hearing contradictory things. Are earnings due out on the 19th or the 25th? I keep hearing both. It would make a big difference in what might happen to Jan calls we are holding.