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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: mauser96 who wrote (27699)	7/11/2000 6:27:17 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 54805

The LEAPs are expensive because of the extreme volatility of the stock, not the demand for it. 8 in 1/99, 200 a year later, and a quarter of that now. I rarely need to use a log chart, when looking at a chart of just the last 6 months. The LEAPs are pricing in the odds of a return to 200, during the life of the option. Most of the posters here think that is possible, and the market maker must think so too.

To: mauser96 who wrote (27699)	7/11/2000 6:58:18 PM
From: gdichaz	Read Replies (1) \| Respond to of 54805

Lucius: Re when to buy Leaps. "But when to buy the LEAPS? The fact that they are so expensive indicates might indicate that either QCOM is expected to continue high volatility or that lots of folks want LEAPS for this one." Lucius, my "experience" is limited to once - LEAPS for Jan '00 which I bought in late 1997. That is hardly a typical experience. But it was a highly profitable one. But given the CDMA/HDR/CDMA2000 data tornado timing possibility re wireless data connection to the internet starting (perhaps) in 2001 and gathering steam in 2002 (if that happens), then Jan 2003 LEAPS may not only reflect extreme past volitility but also have some appeal right now - particularly to people such as DownSouth who are following a very rational stock substitution policy, i.e. Qualcomm LEAPS in lieu of stock, and using the money temporarily "saved" to buy other beaten down stocks. So the Qualcomm 2003 LEAPS may be driven up in price by that. As to when to buy, in my simplistic view, tomorrow might be good, since today is gone. Smile. If you think bottom might, just possibly might, be at least in sight. But the real answer is, no one knows. Best. Cha2 PS And just to be careful and clear, I am sticking to the stock I own, even though I think Q 2003 LEAPS attractive.

To: mauser96 who wrote (27699)	7/12/2000 4:26:30 PM
From: StockHawk	Read Replies (4) \| Respond to of 54805

re: QCOM >>The more I think about it, the more LEAPS appeal to me on this one...The fact that they are so expensive might indicate that either QCOM is expected to continue high volatility or that lots of folks want LEAPS for this one.<< In poker, if you watch an opposing player very carefully, sometimes they signal whether they are holding a good hand or not. Card players call that a tell. With options, if the long term calls are expensive, that is often a tell that the market expects the stock to rise strongly in the long term. Thus expensive-looking options are often the best buy. StockHawk