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

To: Dr. David Gleitman who wrote (64478)	1/26/2000 11:59:00 AM
From: jmac	Respond to of 152472

Selling the shares creates a tax gain problem. I thought about switching out my shares to options too but the time to do that was ehen the stock was up not down and I don't want to pay uncle sam for the greatgains we had in 1999.

To: Dr. David Gleitman who wrote (64478)	1/26/2000 12:12:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 152472

I sold all my trading shares and bought leaps. I kept my core holdings though because I don't want to pay uncle sam any more this year. Also sold some other stocks that I really like, but could not pass up the qcom blue light special this morning on leaps. So let's see, we are between 120 and 130, and if qcom rises a bit above this level in the next 18 months, beofre the time premium deteriorates much, I make money on my leaps. Slam dunk. What are the chances qcom will hit new highs in the next 24 months? $1.25 this year is a slam dunk. $2.00 the following year is well within sight. So at 125 we are trading at 62.5 FY2002 p/e. I expect qcom to still be growing at 50% by then, and much higher if HDR catches on by then, so a p/e of 100 is probable, which would make it trade in the 200's on projected p/e by then, and more like $300+ on forward p/e. So the leaps will be DIM by then, if not much sooner.