Qualcomm Incorporated (QCOM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe NYC who wrote (18472)	11/18/1998 7:29:00 AM
From: Jon Koplik	Read Replies (1) of 152472

Joe -- Re : "I read in another news story that their (Omnipoint's) bonds yield 24%. I guess they should stop throwing out the credit card offers they get in their offices." Well, then I have a trade for anyone who can get their broker to go through the hassle of getting junk bond orders executed. Buy some Globalstar bonds (if they are still trading at a yield to maturity of around 24%), and simultaneously sell short some Omnipoint bonds. (I am assuming you meant y.t.m. on the Omnipoint ones, not current yield). The usual complaint regarding being short bonds is that one has to pay the interest to the "long" on the other end of your trade. This will not be a problem with this strategy, unless GSTRF stops paying interest, AND Omnipoint continues paying interest. No guarantees, remember. Jon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next