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

To: FaultLine who wrote (632)	5/18/2001 11:59:05 AM
From: waverider	Read Replies (1) \| Respond to of 5205

Hi Ken...and HAPPY B-DAY. Well, my take on QCOM is that those huge runs are over and we need a more rational approach to trading this thing. Frank's cc strategy seems a good one for the time being. It would NOT have been of course in 1999 or 2000. No one wants to keep a stock that is crashing and no one wants to write on a stock that is rising. Duh! Can't believe I just said that dribble. Anyway, Q has weathered the worst I think and the lows have been put in from my perspective. High 50's would be about it if all continues as planned. The Street has pretty much factored in everything negative (which is why I bought NTAP this AM) and the most likely move now is a slow, upward march. BUT I do NOT trust China and we still have problems with apps for 3G no matter what Jacobs Jr. says. I no longer read the Q thread because I find the mindless bullishness dangerous to my financial health. Some nice people over there, but the lack of balance is not good. I know enough about the technology, now what we need to see is chart improvement. Rah, rah stuff over there would be pointless to wade through. May I suggest the following threads for balance. Good people without the mud: Subject 50783 Don Sew is a good read. Also: Subject 31940 I find George Cole excellent as well as Zeev. FWIW, I think CREE is the stock to watch. <H>