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

To: Uncle Frank who wrote (95081)	3/2/2001 10:43:46 AM
From: surfbaron	Respond to of 152472

Unc: Lets see what the Noky Oky boys say during they conf call today, my guess is it will goose the telecoms a bit.

To: Uncle Frank who wrote (95081)	3/2/2001 11:19:03 AM
From: Andrew N. Cothran	Read Replies (3) \| Respond to of 152472

Uncle Frank: I don't think you sold them cheap. Following your example, I sold the March 70's this morning at 2 3/4. After putting the order in before the market, and then watching the stock climb out of the hole for the next hour, I tried to cancel my order so that I could replace it. But, fortunately, I was too late. I sold a bunch of covered calls (March 70's at 2 3/4) and am now trying to figure out whether I should sit with them for the next two weeks or look for a cover opportunity before then. My inclination is simply to sit with them up to expiration. Then, if I have to buy them back to avoid having them called, I will do so. Can't afford to have them called. The capital gains tax would be too great for me to bear.