Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (72462)	2/10/2010 10:07:25 PM
From: Maurice Winn	2 Recommendations of 74559

TJ, if I bought QCOM now, I would be averaging UP, not down. UP by an order of magnitude. <mq would be averaging down on his qcom > It's excellent news that QCOM's price is going down because QCOM has lots of cash and the management likes to use it to buy shares of QCOM rather than pay it out as dividends. But they have been paying significant dividends so I have many Happy Meals of cash sloshing around and it badly needs something useful to do rather than just sit around waiting for a daily decimation by fiat dilution as Big Ben roars around the world with fleets of helicopters tossing out bales of bucks to anyone who'll take them. Mqurice

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