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

To: Uncle Frank who wrote (61895)	1/12/2000 7:26:00 PM
From: Boplicity	Respond to of 152472

wise very wise.. Greg

To: Uncle Frank who wrote (61895)	1/12/2000 8:01:00 PM
From: Poet	Read Replies (1) \| Respond to of 152472

Frank, I certainly agree with your very caring words: "My .02 is take care, be moderate, leave some profits on the table, and make sure you have enough chips to stay and play in this wonderful casino." You know, it's funny, I live within fifteen minutes of the world's largest casino (Foxwoods) and would never consider going there. I've never really understood the use of the term "casino" with regard to the market, and gorilla stocks in particular. I pick stocks based on sound fundamentals and understand that the price of their shares will undulate depending upon many factors. It's the undulations that are of interest to me in the short term, the fundamentals in the long term. As for those of us who have January and February options (I'm assuming you are referring to people who purchased calls), this is where the timing of purchase and the arcana of options trading really matter. There is an enormous amount to learn, which is the reason why Jill and I volunteered to start a thread on the topic of options trading on gorillas and kings. As for me, I bought January calls during the November pullback and rolled most to Februarys (bearing in mind that earnings would be announced after January expiry). I've exercised 30 January calls, will exercise another 20 Februarys, and have paid for all these new shares with the profits on Jan and Feb calls that I sold when Qualcomm was close to 200. I'm not interested in posting my return on QCOM in 1999, other than to say that I too began to buy in April and am very pleased that my options trading has allowed me to accumulate a core holding quadruple the size of my original. As for the tamale metaphor, you're talkin' to a cook here. You may not like making a meal out of salsa, but I can tell you that (if it's fresh) the salsa's more nutricious than that old tamale. <g>