Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rkral who wrote (118272)	5/8/2002 12:16:39 PM
From: Wyätt Gwyön	Respond to of 152472

Will you be considering buying back the calls ... if QCOM stays above the strike, and QCOM and the NASDAQ start showing some strength? no, not at all (unless QCOM rose so much that there was no more time premium left in the calls, in which case i would buy back the calls and sell the stock as well). the purpose of this position remains simply to earn about a 9.2% return on an $18.30 investment by Jan of 03. i do not care if QCOM "runs away from me" to the upside as i have no interest in chasing it. the only action i would take is if QCOM continues to fall (unlike today :), in which case i might buy some more common without hedging.