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Wong -
You are darned tootin they are expensive! If anything, you sell calls
against your position if you are long and HOPE that vols do not go up
more if the stock gets crushed.
By the way, I was talking to somebody about QCOM and other cell phone
plays. He made a very interesting point as to why these stocks are an
interesting play:
The growth is only partially in the US, Europe and Japan. The real story
is in the emerging markets. Remember, communications in these places is
atrocious. They cannot afford to build phone lines all over the country.
It is much cheaper to put cell towers up every few miles. That is where
the growth is going to be. And that is huge! QCOM's CDMA technology is
going to be in phones all over the world it seems (unless a new
technology displaces it).
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
url: http://www.poserglobal.com
email: swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
----- Original Message -----
From: wong <whs@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, December 30, 1999 10:28 PM
Subject: [RT] Re: QCOM
> Hi Steven:
>
> You're right about the analyst.
>
> However, I would look at Qcom this way.
>
> If I'm holding the stock, I may liquidate the stock to take profit.
>
> But I dare not short it at this moment.
>
> By the way, I take back my comment about buying puts. I just visited
the
> Dreyfeus options quote webpage and boy, Qcom options (calls and puts)
are
> VERY EXPENSIVE!!!
>
>
> Regards,
>
> Wong
> ========================================================
> At 10:20 PM 12/30/1999 -0500, swp wrote:
> >The guy who wrote the report is 28-years old (irrelevant) and it is
the
> >first report he EVER wrote. And the market took the darned thing up
> >1/3rd on a nobody. One thing though going in its favor, its P/E is no
> >where near as high as Cisco's. Also, they will no longer be making
their
> >phones. They sold that to Kyocera so their margins should improve.
Just
> >selling the chips and collecting royalties (and all this from a
> >technical analyst).
> >
> >---
> >Steven W. Poser, President
> >Poser Global Market Strategies Inc.
>
>
>
>
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