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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 (4337)	2/27/2006 2:30:50 PM
From: slacker711	Read Replies (1) \| Respond to of 5205

Hi, Jeff. I've been tracking the April 50s (aaodj). They seem like a good bet, as qcom is rebuffed every time it approaches 50/sh. But, I've held back because... Earnings are due out on Wednesday, 4/19... two days before the April options expire. FWIW, I would expect that Qualcomm will either update their earnings forecast tomorrow (PJ presentating at GS conference) or at the Annual meeting next Tuesday. I would think that some upward revisions to current estimates are built in so I'm not sure if we'll get a bump to the stock price or not. All of the Sandisk premiums are just huge. Of course, the stock can jump 10% on an analyst upgrade so I guess they are deserved but some OTM April calls might be in order. I'll probably wait until tomorrow though.....Apple has a new product announcement. I doubt it will be flash based (the market doesnt expect it either), but if it turns out to be a cool new NAND based product, I could imagine a continuation of the current run. Slacker