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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.05+0.6%Nov 19 3:59 PM EST

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To: RoseCampion who wrote (35271)7/16/1999 1:06:00 PM
From: engineer  Read Replies (2) of 152472
 
Much better to let the excercise, which will take until Wed to require funds and then you get a margin call which takes at least a 4 day notice. At the end of the 4 days, let the broker sell whatever they need to satisfy the calls and you will end up with at least some of your stock. Remember the margin call is not calculated on 50%, but rather on the holding margin value, like 40% or 35%, so you will get to keep about 70% of the original even if your stock dips 20%. A good way to buy a few more shares and not pay the tax bill until later.

You can also do a sell "as of" date, in which you designate to sell old shares which have a long term capital gain versus new shares which have a huge short term capital gain tax.
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