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To: Didi who wrote (428)	6/23/2000 10:05:00 AM
From: edamo	Read Replies (1) \| Respond to of 1115

didi....qcom calls... july 65 are at 9 1/2 x 10 july 80 are at 3 1/8 x 3 3/8 i believe qcom is in an uptrend.....but the july expiration is not so far away.....the position is about neutral, i would look to close the july 80's, let the 65's run, but monitor closely... choppy market, still better to conserve, use time as your ally, take profits even if meager when available and reinvest on any pullbacks.... comment of "maybe earnings or news will help" also apply to a further out expiration.... ed a. p.s....compare again the trading patterns of qcom and rmbs...both with news or rumored news....rmbs opens/gaps high and tends to trade below the open...qcom stays close to and above open...indicating perhaps demand/buying rather then short covering....

To: Didi who wrote (428)	6/23/2000 11:18:00 AM
From: PAL	Respond to of 1115

Thanks for the reply, I have 20 july 65 calls in the money, and 20 july 80 calls. The 80 calls were bought early(weeks ago) @ 5 7/8 The 65 calls were bought 1 week ago@ 7 in an attempt to salvage the first trade,,,, maybe earnings or news will help..... Don't forget that QCOM is a story stock, and it will remain volatile. The main thing is cut the loss and let the winner ride. Right now QCOM is under accumulation, although the reason is not what you like to see (based on rumors). winner: 20 july 65 calls bought at 7, now around 10. this option has intrinsic as well as extrinsic value, let it ride, but have a floor to exit. Keep raising the floor to exit should qcom continue to move up. loser: 20 july 80 calls bought at 5 7/8, currently at around 3 1/8. this option is otm, hence only extrinsic value. the delta is small, hence for every point rise in qcom stock, the rise in the option is small. you are racing against time. even though the stock on qcom goes up but time value erodes all the gains. probably better close the position, and take a loss. good luck Paul