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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (36301)	7/19/2003 7:23:19 PM
From: BubbaFred	Read Replies (1) \| Respond to of 74559

Such supremely excessive optimism is made in heaven and for the movies, not earthly and very unrealistic. Communication is merely a small fraction of the infrastructure. The biggest, foremost and utmost discrepancy between China and Singapore is the 1.25 Billion vs. 4.5 Million population, not to mention the land area, variation of the terrain and climate. I assume you are getting nice income from selling calls and selling puts with the QCOM position?

To: Maurice Winn who wrote (36301)	7/19/2003 8:21:33 PM
From: BubbaFred	Read Replies (2) \| Respond to of 74559

Maurice - If I have large position of QCOM, I would sell the August or September 40 covered calls for $1 per share, on next rebound to around 38 this next week. Wait for end of August to sell the October or November 30 uncovered puts for $1.00 to $1.50. My guess estimate QCOM will drop to about 32 by end of August to early September. Market indexes are showing signs of topping volatility, but the amplitude is small. Maybe the drop would only be to the 50-day moving average.