Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.78

+0.1%

3:59 PM EST

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To: Jim Willie CB who wrote (55005)	12/19/1999 12:21:00 PM
From: Voltaire	Read Replies (4) of 152472

Morning Willie Trump, Later in the day I am going to have Buffett mount the Black and I will mount the White and we will have a little race to a MILLION DOLLAR profit. As for now, I have had a lot of jittery inquiries about what strategy I might employ given that there could be a correction in the Naz over the next few weeks. I realize what I am about to delineate will probably cost me a few bucks from a surprise standpoint should several people follow my lead but I feel I owe it to the thread to at least tell you what I plan to do because I mouth off so much, and some people actually think about what I say from time to time. When analyzing my plan, one must realize there are two types of Income that concern me, the first is Real Income and the second is Psychological Income, something that is extremely important to me. I realize my plan is so simple that it will probably be refuted by those in favor of much more sophisticated techniques from Butterfly call spreads to Bullish put spreads but my Goal for me and my clients is to make money while at the same time achieving a stressless life! At sometime in the next 21 days, the exact time will be determined by how I read the market, as of right now obviously I had rather delay any taxes until 2000, that should be the case but we never know. But let's assume we get into Jan. ok. 1. I will sell all of mine and my clients QCOM stock. 2. I will take 60% of that money and immediately buy the 2001 on the money leaps, at the close Friday they were going for I think $129. 3. That gives me close to twice the leverage I had owning the stock. 4. I will hold back the other 40% in cash to take advantage of any correction that might occur and I can sleep good for almost a year. In summation: I have basically doubled my leverage. I have completely eliminated the worry surrounding the huge run up in the averages. I have eliminated the flux and concern that will definitely manifest itself when the stock splits. If the stock continues to climb I will be thrilled and be damned if it comes back I will still get a thrill because I can now pick up more if I wish. But mainly I can plant flowers and sleep well and study my Nutrition. So there is the Simpleton's approach. Voltaire

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