Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 175.35

+0.7%

3:57 PM EST

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To: Poet who wrote (45871)	10/23/1999 10:37:00 AM
From: Jill	Read Replies (1) of 152472

Poet, From what I've been taught, there's no reason not to do what you did. I hate doing the math (and sometimes don't), but let's consider just your Q position. Take what you paid for equity, and then take the profit you got from your calls, and use that to calculate your REDUCED cost basis. I.E. if you have 10 shares for $10 each ($100) and you earned $20 profit on your most recent call buying/selling spree, you actually have 10 shares for $80, or $8 each. Then look at where Q is today and figure out your percentage gain (or let Yahoo or MSN or some portfolio do it for you). I don't do this anymore. I used to but now I just figure, with selling puts and buying calls, I am reducing the cost of my bikini. Jill

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