>>But right now I need stocks that will move up short term to relieve my margin pressure
qcom is awaiting its July earnings report to explode again, and is nicely off its recent highs at the moment. With a float of only 130M shares, it will be incredibly volatile towards the upside, and is protected on the downside by a strangle hold of patent positions on cdma and an ever increasing ipr stream.
Please sell something if you're going to buy it and don't increase your margin. I can't stand the tears <g>.
The problem with online trading is that it sucks us into thinking so short term. Take away the time pressure (as in get out of margin and options), tuck away a portfolio of great companies (as in msft, csco, qcom, intc, aol and dell), pull a Rip Van Winkle, and wake up 5 years later as rich as WBM.
Of course, that isn't nearly as much fun <vbg>.
imo,
FranQ |
