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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 (1209)	6/24/2001 11:20:08 PM
From: JohnM	Respond to of 5205

I don't think qcom will make a decisive move until it begins to show improved growth in sales and earnings. And I don't think that will happen until 2.5G becomes widely available. We are definitely looking at the same data. Thanks for posting these links. The argument that gives me pause when I look at these charts and tables is the one that says the market is a future discounting mechanism, that buyers tend to get out ahead of earnings reports when news turns up. In this case, as reports of the installation of 2.5g networks increase, as Korea's SK starts advertising 1x vigorously, as the buildout out of the Chinese market grows, I hope/fear (that damn ambiguity of cc writing) Qcom's price will move up ahead of actual earnings. And, frankly, all this sits, for me, alongside my sense there is a fairly high probability we have another general market downturn ahead after earnings reports. Yet more ambiguity. That's another reason I may wait until August to write against Qcom. But that's clearly my dilemma. As you say, jmho. But, I'm also still interested in whether there are other strategies to use should one sell Qcom and then face a fairly marked price upturn. John