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


To: Ruffian who wrote (30366)5/19/1999 4:26:00 PM
From: Robert  Read Replies (4) | Respond to of 152472
 
Interesting message from the yahoo board.

This is a classic call writer decline
by: whereverimayroam1 20660 of 20664

I have seen this happen with so many stocks that have an unusually high ratio of calls to puts in a particular monthly expiration. From the 100 to 110 strike you have about 7000 total calls to 3000 total puts, with about 2000 of the puts at the 100 strike. The sweet spot for option writers right now is 100 dollars, about where it is right now and probably where it will end up at Friday's close if call writers have their way, and they usually do unless another big institution with buying power is on the other side of the trade. At 100 even the option writers get the premium on both sides of the trade. Don't expect QCOM to go much below 100 based on call writers manipulative activities because directly below this strike is support based on the put/call ratio.

Someone mentioned strikes going to 22.5 as having an impact in this decline. That strike price of 22.5 should be fully hedged with the stock, unless that call writer is nuts. That is a stretch. When a professional call writer sells an out of the money option and the stock rallies, they are forced to buy the stock to hedge their position. This is called delta hedging. Delta hedging rallies help fuel stocks just like a normal short squeeze. What happens is when a stock nears expiration, the stock that was purchased to hedge the position at various strikes is sold off to drive the stock price down to the strike price that is most beneficial to the call writer, in this case, $100.

Its tough to beat the big boys at their game. They are a bunch of dirty rotten SOB's that have gotten rich by taking your money. That is why I personally don't play short-term options much any more. Stick to the LEAPS. Call writers can have their way with stocks over short periods of time, but even they can fight the tape for only so long before the natural trend takes over.

Robert.



To: Ruffian who wrote (30366)5/19/1999 4:27:00 PM
From: bananawind  Read Replies (1) | Respond to of 152472
 
All, *BAM marketing push*

[to anyone viewing these ads over the next few weeks, we would appreciate your impressions]

Bell Atlantic Mobile Casts Net for Wireless Customers
Even Wider with New Advertising Campaign

Ads Underscore Wireless 'Is for You'

BEDMINSTER, N.J., May 19 /PRNewswire/ -- In a multimedia advertising campaign that breaks
today, Bell Atlantic Mobile showcases wireless as the preferred method of communication for all
consumers, whether they're mobile or at home. With the positioning line ''It's for You,'' the
television ads show consumers enjoying the benefits of wireless service from Bell Atlantic Mobile
for today's on-the-go lifestyles.

With 6.4 million customers, Bell Atlantic Mobile already has a leadership position in the wireless
industry. However, as wireless enters its next phase of growth into the mass market, Bell Atlantic
Mobile is positioning itself to claim a significant share of the nearly 75 percent of U.S. consumers
who have yet to purchase wireless service.

Backing up its promise that ''wireless is for everyone,'' Bell Atlantic Mobile features a number of
products and services in its new campaign. Early adopters who plan to cut the cord from their
landline phone and go ''all wireless'' could opt for one of Bell Atlantic Mobile's popular
SingleRate(SM) plans, which feature varying amounts of bundled minutes with no roaming or long
distance charges -- all for one predictable, flat rate. For consumers wanting the convenience of
wireless without a monthly bill, they can choose MobileMinutes®, Bell Atlantic Mobile's pre-paid
service. Regardless of the service plan, all Bell Atlantic Mobile customers gain the quality benefits of
the company's superior wireless network -- the largest on the East Coast.

''Our current array of wireless services is designed to make wireless a clear option for consumers
to use in conjunction with their landline phone or even as a replacement,'' said Debra Carroll, vice
president of marketing for Bell Atlantic Mobile. ''With this new campaign, we are showing
consumers how wireless service really has become synonymous with staying connected, and we're
inviting them to sign on for the service plan that gives them the level of accessibility they're seeking --
from the company that has revolutionized the way people use wireless.''

The advertising, created by Bozell Worldwide's New York office, depicts people from all walks of
life enjoying the benefits of the company's wireless service. Complemented by a voiceover from
long-time spokesperson James Earl Jones, the spots graphically illustrate how Bell Atlantic Mobile
is changing the way consumers use wireless. The spots are underscored with popular music, the first
featuring a blues rendition of ''Don't Stop Thinking About Tomorrow,'' popularized by Fleetwood
Mac.

Starting today, the first in a series in the ''It's For You'' campaign will appear in heavy rotation on
spot and cable television programs. In addition, several product-related print ads will run in
magazines such as Time, Newsweek, Sports Illustrated, BusinessWeek, Your Money and
Kiplinger's Personal Finance.

In the New York, Boston, Washington/Baltimore and Pittsburgh markets, Bell Atlantic Mobile was
named leader in overall customer satisfaction among wireless users, according to the prestigious
J.D. Power and Associates 1998 U.S. Wireless Customer Satisfaction Study(SM).

Bell Atlantic Mobile owns and operates the largest wireless network in the East, covering 120,000
square miles, and the largest chain of retail outlets devoted exclusively to wireless voice, data and
paging. Based in Bedminster, NJ, Bell Atlantic Mobile has 6.4 million customers and 8,000
employees from Maine to Georgia and, through a separate subsidiary, in the Southwest. Through its
''Wireless at Work...'' community service program, the company uses its technology to help
individuals and communities improve security and emergency communications. Bell Atlantic
Mobile's parent, Bell Atlantic Corporation (NYSE: BEL - news) is one of the world's largest
wireless communications companies, with domestic operations in 25 states and international
investments in Mexico, Europe and the Pacific Rim. For more information on Bell Atlantic Mobile
visit: bam.com; on global operations visit: bellatlantic.com.

SOURCE: Bell Atlantic Mobile



To: Ruffian who wrote (30366)5/19/1999 4:39:00 PM
From: bananawind  Read Replies (1) | Respond to of 152472
 
Sprint PCS offers Workplace plan

[sorry if already posted]

KANSAS CITY, Mo.—Sprint PCS introduced the Sprint PCS Clear
Wireless Workplace, a suite of wireless solutions featuring PCS-to-PCS
calling minutes, off-network calling minutes and text messaging services.

The Team Option includes 600 local PCS-to-PCS calling minutes and
500 text messages per month and the Travel Option includes a bundle of
off-network calling minutes and 500 text messages. The Team and Travel
Options are open to Sprint PCS business customers and may be added to
any Sprint PCS Free & Clear Plan for Business at $50 and up for another
$20 per month, said Sprint.

‘‘Future offerings in the Sprint PCS virtual office suite will include
nationwide two-way wireless data communications allowing businesses to
connect to their networks, e-mail and the Internet using the Sprint PCS
phones to access stock prices, news articles and other electronic
information,'' said Jay Highley, Sprint PCS vice president, business
customer unit.

RCR NEWS