Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David E. Taylor who wrote (93103)	2/1/2001 11:51:36 AM
From: marginmike	Respond to of 152472

There was no way to know, I got lulled in may as well cost me about $600,000. The secret was cut the loss quikly. I had 250 naked 110's sold puts that I covered for a nice profit, right before Q's proverbial floor fell. It was luck, but it saved me a bundle. I also had 30K Qcom. I ended up sellin them for a 20 pt loss. If Id held Id be down another 30-50pts(depends on the day). Long term Q is gonna be fine, I am just to shell shocked from 3 years of the rollercoaster. In actuality its what really compelled me to get out in jan-feb. There was one day I lost 4 million in one shot. I just said "I QUIT" Edit: Those 30K Qcom shares were up 25 pts at one point, and I should have sold. Instead I let a BIG profit turn into a loss. I refuse to do that anymore.