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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.23-0.6%Dec 22 3:59 PM EST
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To: Jacob Snyder who wrote (76670)7/15/2000 5:09:28 PM
From: Uncle Frank  Read Replies (3) of 152472
 
>> My current thinking (it changes daily), is to put 10% of my money into the stock at 55, another 10% at 50, and start buying LEAPs (2003 40s), at 45, 40, and 35. I'd be out of cash, margin, and courage if we get to 30.

That's a great plan, but I think you formulated it a month too late. Imo, the next time you get an opportunity to buy qcom in the 40s will be post split.

From my experience, trying to time an entry point into a great ltb&h stock was usually wasted energy. These days I just take a starter position and add on dips.

jmho,
uf
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