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

To: BDR who wrote (3260)	1/15/2002 7:50:25 PM
From: Dominick	Read Replies (2) \| Respond to of 5205

If I was allowed to do spreads I don't think I'd buy another stock. Your only cost basis is the price of the leap, which reduces your risk, and that could be reduced to zero in a relatively short time. Regards, Dominick

To: BDR who wrote (3260)	1/16/2002 12:45:37 PM
From: FaultLine	Read Replies (2) \| Respond to of 5205

Hi Dale, I'm into QCOM at $52 (avg) and I'm getting a real bad feeling about the near and midterm (1-2yr) prospects. The telecom markets (and world markets in general) are a mess and not looking very optimistic. I believe the Enron situation too puts pressure on the QCOM price due to the oft discussed oddities found in Q's financial reporting. I'm hoping we can get back to a break even for me then I'm considering pulling out and waiting a while or looking for another opportunity. --ken