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

To: Morgan Drake who wrote (26229)4/6/1999 8:49:00 AM
From: Art Bechhoefer  Read Replies (1) | Respond to of 152472
 
Morgan, at some point, probably at a somewhat higher price than the shares have reached so far, it may be wise for investors to sell some out-of-the-money covered calls, with expiration date about three to six months in advance. This is a way of locking in profits, but it also reduces future profits if the stock performs better than expected, forcing one's own shares to be called at the striking price. Art


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