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To: 16yearcycle who wrote (389)	5/22/2000 11:51:00 AM
From: Eric Wells	Read Replies (1) \| Respond to of 57684

Are you looking for actual answers or just wanting to get someone to go through their thought process so you can pick it apart? Yes, I'm looking for actual answers - because in you're original answer to my question "Why?", you stated nothing about risk. And if I disagree with your answer, I will, indeed, pick it apart. Is there something wrong with that? Or are you looking to me to agree with you? My view is that there is risk. If you bought a QCOM Jan 01 80 leap at 21, then you're expecting QCOM to appreciate roughly 25% over the next eight months. QCOM has been a hot stock, but I think getting a 25% return out of anything at this point will be difficult - even with an eight month time frame. QCOM is currently trading at a PE of over 100 - it just seems a bit risky to me. I asked you why you bought the leaps because I thought that perhap you knew something about the industry or QCOM's prospects that weren't being recognized in the current stock price. Thanks, -Eric