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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: JohnG who wrote (33184)	6/25/1999 9:14:00 AM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 152472

John, there may be another reason for shorting against the box (i.e., selling short shares that can be covered by those you currently own). If you believe the stock is fully valued (a mistake for QCOM shareholders), you might want to sell short and close your position AFTER you have held the shares for at least a year. That way you can get the lower capital gain tax rate.

To: JohnG who wrote (33184)	6/25/1999 10:32:00 AM
From: Cigar	Read Replies (1) \| Respond to of 152472

It does not panic Cigar that there are many Q shorts -- LU remains the most heavily shorted of all NYSE stocks, and they seem to be doing just fine, thank you. I am not consitutionally a short, but I can understand that anyone watching this year's Q explosion from it's "natural home in the 40s," or LU's equally neat ride the last year, might feel the law of gravity will apply some time soon. And someone looking at a stock selling at 350 times trailing earnings who doesn't know the whole story (obviously not having had the benefit of this wonderful board) might expect a quick score. To which I can only say this is, for them, clearly a case of American tough titty.