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

To: Voltaire who wrote (61564)	1/11/2000 8:13:00 PM
From: Neal davidson	Read Replies (1) \| Respond to of 152472

V--I am a little confused by the scenario you are envisioning and how you plan to attack it. If you think earnings are going to be very good, and another split is going to be announced, why would you sell the calls three days before the announcement. It seems to me that the earnings and split announcement would drive the stock up, and that selling the (covered?) calls would be better timed by selling after some of the stock run up caused by the announcement. Additionally, why not go totally short (or sell naked calls or buy puts) if you think the drop is inevitable? You could buy back in after the fall, and even if you do not time your re-entry perfectly, you will have saved a lot of money. Finally, do you expect to get a dollar-for-dollar hedge by selling the calls? Neal

To: Voltaire who wrote (61564)	1/11/2000 8:15:00 PM
From: marginmike	Read Replies (2) \| Respond to of 152472

So what your saying is we will go way up, then come way down to exactly where were are now? Geez you should work for psychic hotline. In my opinion we will retest 50DMA as I said a few weeks ago. I think it will occur the first week in feb co-inciding with earnings lull. I think we will then go sideways for 6-8 months much like AOL last year. This stock needs to catch up with the extended price. I will write covered calls against my entire position if we get close to 200 by earnings. The fair value of Q 12 months from now should be 200 per share. Unless earnings are acelerating faster then projected. I do believe the overall market in techs is near exaustion. I sold most of my small techs today to batten hatches for the coming storm. I am still a long term bull but reality will set in!