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To: KY who wrote (1882)	1/29/2000 6:38:00 PM
From: Poet	Read Replies (2) \| Respond to of 8096

Hi KY, Your play is to buy the March 100 calls on QCOM? Buying OTM is riskier than DIM, particularly when a stock is in a severe downtrend. First, consider waiting on the purchase until QCOM dips below 100 (which I think it will on Monday or Tuesday), second, leg into the position a bit at a time, buying a few with each downdraft under 100. Perhaps look at the March 70's or 80's, whose premiums have also diminished, to capture a higher delta for a rebound. At this point, QCOM doesn't look to be basing, IMO, so I'd be very careful establishing a long positions. Have I scared you out of it yet? <gg> Sorry for my bearishness. Any other opinions?

To: KY who wrote (1882)	1/29/2000 7:58:00 PM
From: freeus	Respond to of 8096

JMOO But This is NOT a time to be buying a short term call on the mighty Q. We have NO idea where it will bottom out, or when. We do not know what will happen on Tues and Wed (FEd meeting)...you'd be better off waiting, or buying a call further out. Unless you are willing to take a big risk, and watch hour by hour. Freeus