Tim: I get that question sometimes and have to explain it. My QCOM position are leaps bought a long time ago, last year before the QCOM run. Low basis. I simply am holding them, not adding to them. The reason they are number 2 on my list is simply that the EXTR and CIEN positions have not accumulated enough yet to bump the QCOM holding back down the list. Actually cash is my number 2 position but I didn't indicate that this week. Somebody had asked me to insert my cash position sometime back and I did that for a few weeks.
Anyway, don't let me mislead you with that stat. I'm glad you asked because it can be misleading. So again, I have not added any to that QCOM leap position and it just moved up the list for now until I accumulate on other positions sufficient to bump it back down the list.
I must also say this. I still don't like QCOM. Almost hate to say that with all the QCOM folks on the Porch. However, I think that I was one of the first to announce on here earlier in the year that I was closing my QCOM call positions (not leaps) and moving on, which I did. I stated back then and still believe that QCOM is going to have to prove itself for several quarters with superior earnings and eventually some substantial breaking news. I'd want to see a clear and confirmed upward trend established with volume, until I considered it again. That being said, I still have QCOM in my Mom's account, and Father-in-law's account, which are LTBH. Consequently, I still think it is a good LTBH stock. But, for my style, which is just options, I'll wait.
Hope that clears that up. Glad you asked. Hey, glad to know somebody might be interested in that stuff. Call you "eagle eye."
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