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

To: Eric Daniels who wrote (6369)	12/13/1997 11:40:00 AM
From: JMD	Respond to of 152472

Eric, that history recitation almost has my pulse down below Mach 3 for the first time in a week. Thank you--a valuable perspective on the Q. You initially suggested that you were questioning a long term buy and hold, but then concluded by saying 'hang in there'. With the degree of volatility that you graphically demonstrated, are you not tempted to follow q-dog's advice and buy puts, or covered calls, or short against the box, or whatever? I'm tempted but just below a blithering idiot on these strategies. I know what all the lingo is and could talk a good game but I've never fired for effect. Can you or anyone suggest a book or two, something like "Warren Buffet On Naked Calls" would do nicely. Regards, Mike Doyle

To: Eric Daniels who wrote (6369)	12/13/1997 1:05:00 PM
From: dougjn	Read Replies (1) \| Respond to of 152472

I sold early in the week and bought back Friday when my 50.5 limit price was hit. Made 14 points. Regard myself normally as a buy and holder. Its just that the gathering Korean storms I perceived as much worse last week and early this week than was being publically admitted and certainly worse than reflected in Qcom. I didn't expect Q would fall quite so far quite so fast but I was all but certain it would significantly fall, and soon. So, said I, if you are certain of a strong price move why not participate??? So I did. Doug