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

To: 100cfm who wrote (49303)11/11/1999 10:38:00 PM
From: Voltaire  Read Replies (1) | Respond to of 152472
 
Nah,

tell him to keep his shares riding, pick up about $400,000 a month by writing 50% out of the money Calls on Q and then the Clincher, Don't go on margin but set up the account as margin and just live out of the appreciative value and not pay taxes because you never sell. If you keep buying the calls back you keep creating a short term loss but his estate keeps growing. I have several doing this.

Just a thought from the porch,

V


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