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: SecularBull who wrote (1625)	1/24/2000 5:58:00 PM
From: Poet	Respond to of 8096

No attack from me, LoF, although you've got some mighty big cojones to post an opinion like that on the G&K. :) I agree with you that JDSU is more likely to grow more this year than QCOM, for a number of reasons. First, I think the press coverage given to QCOM (well0deserved, I might add) has introduced a lot of momentum players into the stock since early January. Second, I'm leery od how even good earnings by QCOM will be welcomed in this market, and any reactive selloff may very well be brutal. I love QCOM and am very long, however, I'm in the market to make money and am placing my emphasis this year on JDSU.

To: SecularBull who wrote (1625)	1/24/2000 6:35:00 PM
From: Jill	Read Replies (3) \| Respond to of 8096

I agree that a lot of people call themselves gorilla hunters and if QCOM dips they'll run--LindyBill for instance is suddenly diversifying. In other words, he think the big runup is past and he wants some other big runups. And I also agree that right now, at least for the near term, JDSU prospects in terms of stock going up are better. But QCOM has a great future, don't you think? I read the article on ICIX. I glanced at the thread, too. How long have you been in it, and any particular thots about it?

To: SecularBull who wrote (1625)	1/24/2000 6:44:00 PM
From: Jill	Read Replies (3) \| Respond to of 8096

Okay thread, I"m bullish on JDSU and I'm actually hoping they'll sputter down again tomorrow. I'm going to start selling puts again, now that I've exercised so many QCOM shares. Looking at today's action the Feb 200s were really popular (almost 900 of them--but who knows, maybe some were buying puts). In any case I'm a little cautious about that strike although the premium is really nice, right now it's between 17 and 18. If you sold 10 contracts for instance, you'd get $17K in a month. However, I'm not that brave. So I'm going to sell just a few contracts of, most likely, the 190s for 13. I might even do the 180s for 10. Better safe than sorry. Reid, if you're reading this, does that look like safely below the 210 support level? How strong is 210? I also want to buy calls tomorrow, but unfortunately the Septs are not out on the Dreyfus chain. I'll call Fidelity tomorrow and see if they are out. They were supposed to come out today, right? Jill

To: SecularBull who wrote (1625)	1/24/2000 7:40:00 PM
From: RocketMan	Read Replies (3) \| Respond to of 8096

I diversified out of qcom at the start of the year, and built positions in jdsu, gmst, and cree. Also added to my csco, emc, and aol/twx. It is dangerous to be too heavy in any one stock, no matter how strong it is or how much you like it. The more concentrated on is, the less one is likely to see its flaws or to look at the competition or to stocks in other sectors. Personally, I think the worst thing that happened to qcom was that $1000 target at the end of the year. Not that it was a bad call, I personally think it is conservative, but the stupidity of cnbc and the average investor worked against q. cnbc began to bad-mouth it not because of fundamentals but because of the target, comparing it with amazon. The mo investor jumped in, and jumped right back out when it didn't go to 1000 within a few weeks. If you notice the chart, there is a nice bubble right around that 1000 target. If he had just waited until the start of the year and called for 250 post split it would not have had that same effect.