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

To: Ed Forrest who wrote (65576)	1/31/2000 10:27:00 PM
From: jmac	Read Replies (2) \| Respond to of 152472

The tough decision is going to be what to do when QCOM gets to 140. There is stiff resistance there and I would suspect we would get some backing and filling. The question is how deep will the backing go? I don't care to sit through another test of 110-120. I'd like ot hedge, but, selling calls sure limits the upside potential Q has. Buying puts also negates the upside potential. When this thing goes it goes (in both directions). Anyway, I'll be happy to sit and watch it go to 140. I, too, think it could come tomorrow. The late news tonight shuld help. Seems to be a 3 step process (1-negotiate and let it leak that it is imminent; 2) agreement is made with the chineese company; 3- approval by the Chineese govt (this hasn't happened yet).