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

To: jmac who wrote (65185)	1/29/2000 3:08:00 PM
From: Jill	Respond to of 152472

Really, but then again I may have a different view than some of those who find this experience so painful. As in: I rolled out various OTM calls during the "time compression." Lots were quite profitable but the profit shrank on my Aprils from what was formerly probably, god knows, 1600% back down to about 45%. So I sold them. I still consider it a profit and I don't look back. One time I got caught (or was scared I'd get caught) on my put positions, in Sept I think, when QCOM pulled out of the conference on a Monday before Friday expiry. It dropped down to the level of my put strikes and I got scared. I could've waited as it recovered and those strieks were fine. I should've waited a few days in fact. Instead I bought them back (for more than I got originally) and sold Jan 150s...covering all my costs and coming out with a slight profit. You can usually reposition puts like that. One could say, "Well you lost" because I ended up making less than my ideal, but to me profit of any kind is a win. Beyond that...I tend to be somewhat "conservative." As in over on our thread edamo and Poet sold BCM 260s, and it will probably work out fine, but I would not sell that strike myself. They have more $ to play with and can get put if they want, no problem. Jill