Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 3:59 PM EST

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To: Johnnie Memmonic who wrote (117903)	5/2/2002 1:12:32 PM
From: waverider	Read Replies (3) of 152472

DO not, I repeat, DO NOT allow tax consequence influence your decision to buy or sell a stock. It has cost many dearly here, myself included. If you think the stock is going to tank or at best tread water, get the hell out, pay your taxes and be happy with the profit. I argued with marginmike a couple years about this and made fun of him for selling cuz of all the taxes he had to pay. I told him QCOM would have to drop ALL THE WAY DOWN TO $92 before it would make the sale worth it considering taxes. I don't think I need to say anymore. I did sell, but not until $80. So here we at at sub $30. I see the stock going to at least $21. Worse case is $11 to fill that gap from March 99. If you are prepared for those kinds of things happening, hold. If not, sell. Just don't try and get cute cuz of taxes. It is not worth it. wr

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