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

To: alanrs who wrote (95131)	3/2/2001 11:05:06 PM
From: Cooters	Read Replies (1) \| Respond to of 152472

alan, I think the QCOM 03's represent a pretty solid opportunity to participate rather cheaply in Q's future. As I have stated here on occasion, if Q's business is not on a roll by January of 2003, I/we probably have screwed up. With Japan's wireless growth amidst basically a depression and Korea's experience during their financial chaos, I think the economic environment has proved to be of little consequence to the business Q is both in currently and embarking upon. For an example of a stock able to perform handsomely during a protracted economic downturn, I would turn to NTT DoCoMo in Japan circa 1990-2000. QCOM's current position is something DoCoMo could only dream of, in fact, DoCoMo going forward cannot prosper without dragging QCOM along, while the opposite is not the case. Cooters

To: alanrs who wrote (95131)	3/2/2001 11:40:57 PM
From: Ibexx	Respond to of 152472

Here is a link with example. You can also subscribe to CBOE's RT option quotes - very reasonable. quote.cboe.com Ibexx

To: alanrs who wrote (95131)	3/3/2001 12:22:40 AM
From: waverider	Read Replies (2) \| Respond to of 152472

alan...LEAPs worked great during the bull market. We ain't in one anymore. Yeah, those QCOM LEAPs look cheap now...but how cheap will they look after they have lost a year's worth of premium and the stock has gone nowhere? From my perspective, I wouldn't touch 'em unless we get a meltdown into the 40's. Rick

To: alanrs who wrote (95131)	3/3/2001 12:42:34 AM
From: LKO	Read Replies (2) \| Respond to of 152472

However, LEAPS again look very reasonable, especially QCOM 03's @100 (.VLMAT) and NTAP 03's @ 80 (.OHNAP). Looks like it's time to buy these. Any opinions from the various options dabblers? What do you define as a "reasonable" price ? Just wondering....they look expensive to me, but I do not know the historical pricing on QCOM LEAPS. Some random comments follow. You do get leverage with LEAP calls, but VLMAT (2003 QCOM at 100) at $14+ with QCOM at $60 is about 25% of the price of the stock (which does not have the declining time value). Compare that with another stock. MSFT at around 57 has its $100 2003 LEAP call (VMFAT) is at$3+. THat is about 7% of the stock price. THe LEAP prices seem to be saying that QCOM is more likely to be at 100 in 2003 than MSFT. If these stocks never get to 100 by 2003 but do by 2004, you have lot more to lose with QCOM LEAPS than QCOM the stock. I have been fast and lose with rounding numbers here, but the point I am trying to make is at this time with my seat of the pants Risk/Reward perspective, QCOM the stock looks lot more attractive than the LEAPS. If I have to take more risk and try to hit a home run, then MSFT looks more reasonable. On the other hand, if you think volatility will take QCOM down more, selling the 2003 QCOM LEAPS might be great. LKO

To: alanrs who wrote (95131)	3/3/2001 2:04:25 AM
From: jazzcat2000	Read Replies (1) \| Respond to of 152472

If you buy 03 leaps now, you are saying that the price of Q will never be lower than it is today. In fact , you are betting that there will be a slight steady appreciation of Q's price just to remain even, meaning that if Q's price does remain fairly constant for the next say 6 months, you would actually lose some value in those leaps. I'm a strong believer in buying close or closer to the money call options out perhaps 2-3 or even 6 months and then be prepared to either sell or execute the options once you have hopefully realized some appreciation. JMHO.

To: alanrs who wrote (95131)	3/3/2001 11:01:14 AM
From: Andrew N. Cothran	Read Replies (1) \| Respond to of 152472

I bought WBIAI (Jan 02 45's) on Feb 23rd for $20. This seemed to me to be a reasonable bet to hold for about 10 months. Deep in the money with a smaller time premium than other options. I expect to hold this one right up to expiration and then decide whether to sell or to exercise.

To: alanrs who wrote (95131)	3/3/2001 1:53:31 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 152472

alanrs, wrt investment style, i would STRONGLY recommend you take a LONG term approach to options. they can be very seductive and few can discipline themselves to make money over the long term and many lose their butt. i'd recommend a 90/10 system. eg, set aside $100k. take 90%, $90k, and invest in some kind of high yield cash account. this dough is off limits for the year. take the $10k and use it to play the options game. step into positions 1/3 at a time. swing for the fences by buying out of the money options. you have to develop a theme. up until 3/2000, those that had a bubble theme made out like bandits. maybe you have a bear or a turnaround theme. remember, you only get $10k for the year and it w/b wise to diversify. step into $200-$300 contracts at a time. even if you lose all $10k, you will only be down about 4% b/c you should get 6-7% on your $90k. worst case scenario. best of luck and don't get greedy or you WILL lose your dough.