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

To: limtex who wrote (21838)	1/22/1999 8:26:00 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

Though I have traded the swings with a small portion of my shares, this time i suplimented my bet's with calls and puts. I bought feb 65's before runup and then bought feb 60's before the decline. So far I am doing well. I didnt play enough to make me rich, but will make a few extra $. I really dont like to do this, but I have way to much invested in Q not to atleast make 15-20% a year on my capital. Iam sweating waiting for my Feb 60's to be in the money and the stock at a price where I feel comfortable buying shares back. I do not think we will see 40's again, unless there is a market correction. I think 53-57 is a good re-entery point. IMHO