David,
Thanks for the info as usual. By this time next year we should be getting pretty good at spin-offs! Of course, as with the market in general, about the time you think you have it figured out, it will change.
I do have a position in QCOM via options, but we do have a few things on our side this time. At least as far as options go, we already have all the higher strike prices we will need due to QCOM's previous stratospheric rise! With COMS, once we got past the 70's or so, there were none available. Not being able to roll them up, I unwittingly held on to a pretty decent amount of short-term options, which expired worthless. Fortunately, I had some long term calls as well which are looking pretty good again about now!
I know one thing .... I'll be out before the IPO this time!
Thanks again,
Mike |
