Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 169.97

+1.1%

1:12 PM EST

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To: Uncle Frank who wrote (89359)	12/7/2000 2:40:20 PM
From: waverider	Read Replies (7) of 152472

OK Frank...thanks for your response. Very well reasoned. So basically you are saying that once you have identified your winner companies, you have no interest in selling due to an over priced situation or buying as cheap as you can? On the surface it sounds like these things are obvious, but in practice they are difficult to pull off. So buy just hanging on until fundamentals have changed is your basic strategy, if I am hearing you right. OK, let me ask you a question then...IF we get into similar valuation levels like we did with QCOM or NTAP in tha past and consequently your % of each over shadows everything else in your portfolio...would you consider cutting back? If so, what levels would you consider extreme? Met with my accountant last night to make last minute plans for this year's taxes. It finally dawned on me how much the government really takes. A real life situation I face right now is that if I buy back the puts I sold on QCOM this month (which I plan to do) I am talking a major tax hit. Say my profit is $10,000. I will have to send Uncle Sam and the state two checks totaling $4,100 by the 15th of January. That means I will have to sell some equities to do so. I DO NOT WANT TO DO THAT! In fact I am basically prevented from making anymore money due to trading until month (for 2001 tax year) because of our financial arrangements. That pisses me off Frank. And it pisses me off that the market make us consider these kinds of problems of overvaluation. Rick

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