Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

3:59 PM EST

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To: Jacob Snyder who wrote (75906)	7/8/2000 7:19:39 PM
From: waverider	Read Replies (1) of 152472

Jake... I bought Jan 80's 2001's in Jan and March of 1999 for an average price of $24. At the time QCOM was around $80. So I needed a $104 price to brake even. They are now worth about $379 each now (including the LWIN spin off plus a little premium...not much. So I paid $2403 per contract and now each contract is worth $37900. If I had bought stock with the $2403 instead, it would have yield me 30 shares. Those 30 shares with the two splits (240) are now worth $13440. So the LEAPs gave me a 1577% return as opposed to a 557% return with the stock. Now then, me no tell how many of these LEAPs I have, but I can tell you one thing. IF we have anywhere near the run the current price represents from approximate $10 base my LEAPs have (in corresponding stock price), then LEAPs will allow me to pass Mike up in bragging rights by a mile. Rick

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