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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (570)	5/15/2001 2:30:55 PM
From: cfoe	Read Replies (1) \| Respond to of 5205

Does that change your plan? I checked the May $65s this morning after the rate move and they were trading about 60 cents or so. Not enough to take the chance. Now looking at doing Junes. With the 50 basis point cut now done, what would you suggest? My thoughts: L-T fundamentals for QCOM confirmed strong with confirmation of China going CDMA. S-T I am expecting more bad news for economy and lots more anti-QCOM FUD driven by CDMA's success in China. Also, if we get news that Korea keeps SKT at 50% limit, it will result in a short-term hit to QCOM's 1X sales expectations for calendar Q3 & Q4. Your thoughts?