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

To: Jill who wrote (65149)	1/29/2000 11:30:00 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 152472

>> I think hedging, covered calls, buying puts if you do that, is the strategy while waiting for recovery. It will keep you busy, but in my experience, the best strategy is to keep your eyes fixed on the future and do absolutely nothing <g>. jmho, unq

To: Jill who wrote (65149)	1/29/2000 11:46:00 AM
From: jmac	Read Replies (1) \| Respond to of 152472

The problem now with writing calls or buying puts is that you HAVE to be right with the timing. Out of the money calls (say 20 points) don't give you much protection. If youwrite calls any closer, you could miss the rebound in one day. The same is true for buying puts. The only ones now that hedge you are ones that are in the money. If the stock rebounds in one day with a reversal (and it will but I don't know when), then you will lose all of your gain on the loss on the puts. This stock doesn't give you time to react. It goes up and down in double digit moves. I am with Uncle. It is now too late to do anything with respect to trying to protect yourself. We all just ahve to sit this storm out.