The New QUALCOMM - Coming Into Buy Range Message Board

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Technology Stocks : The New QUALCOMM - Coming Into Buy Range

QCOM 173.96

+1.4%

Nov 11 3:59 PM EST

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To: carranza2 who wrote (1019)	8/20/2007 10:31:04 PM
From: manalagi	Read Replies (2) of 9129

My average actual cost basis actually $ 8/share, but with the selling of covered calls (the last one was 45Jan08 at $ 5.10 but closed at $ 1.5), my "cost basis" has become negative. Of course there is a lot of opportunity cost when the stock dropped from 45 to 37. Right now I am still debating between liquidating or enjoy the dividend, which I think will stay the same or even increased. The long term tax rate I believe has been reduced to 15%, and "junk" bond like 2031 GMAC is yielding around 8.5%. The thinking is that GM will not go out of business. The government won't let that happen. OTOH, if Spinco is a reality, then the stock will pop up, but I have heard that before even in the year 2000.

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