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

To: JGoren who wrote (78086)	7/30/2000 4:08:13 AM
From: Jacob Snyder	Read Replies (1) \| Respond to of 152472

Congratualtions. You found the company when it was unknown, held it while the stock went nowhere for several years, and continued to hold whether the stock is in or out of favor. Your cost basis must be single-digit. But "5 bucks or so" in your cost basis, makes a huge difference in your eventual returns. The difference between a cost basis of 5$ vs. 10$, is as big as the difference between buying at 50$ vs. 100$. Yes, eventually, buying at any of those prices will be a good investment. But the % returns will be very different. I'll hold a lot more shares, if my average cost is 50 or 60, rather than 70 or 80.