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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (1096)	2/5/2000 12:46:00 PM
From: jhs565	Read Replies (1) \| Respond to of 1235

OX: I am a long term QCOM investor. In the past I have only sold QCOM CC (very successfully I might add) I very much believe that QCOM will not be below 120 but rather above 220 in 01/01. Therefore I did not "fear the risk" as much as others might do. My plan was actually to wait until 01/01. Meanwhile I have come to the conclusion until yesterday, that QCOM might be going side ways. Add a little greed and I decided to buy to close my position. I am planning to do the same transaction if and when QCOM dips to appropriate levels again. Right now I believe that QCOM might be going up around the middle of February and I am canceling all my outstanding CC orders. I am also day trading QCOM stock. John