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

To: Johnnie Memmonic who wrote (117903)	5/2/2002 10:40:21 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 152472

i have heard the IRS closed the short against the box loophole quite some time ago. i would check with an accountant to be sure.

To: Johnnie Memmonic who wrote (117903)	5/2/2002 11:46:16 AM
From: The Reaper	Respond to of 152472

Sell deep in the money calls expiring next year. Let them call the stock away from you then if you wish. If you've held the stock over one year at the time you sell the calls, then the gain on your stock will be long term. If you want to get aggressive on the downside buy some puts with the same strike and expiration wiht the call premium you receive. All this puts on an effective hedge against further decline. kirby

To: Johnnie Memmonic who wrote (117903)	5/2/2002 1:12:32 PM
From: waverider	Read Replies (3) \| Respond to of 152472

DO not, I repeat, DO NOT allow tax consequence influence your decision to buy or sell a stock. It has cost many dearly here, myself included. If you think the stock is going to tank or at best tread water, get the hell out, pay your taxes and be happy with the profit. I argued with marginmike a couple years about this and made fun of him for selling cuz of all the taxes he had to pay. I told him QCOM would have to drop ALL THE WAY DOWN TO $92 before it would make the sale worth it considering taxes. I don't think I need to say anymore. I did sell, but not until $80. So here we at at sub $30. I see the stock going to at least $21. Worse case is $11 to fill that gap from March 99. If you are prepared for those kinds of things happening, hold. If not, sell. Just don't try and get cute cuz of taxes. It is not worth it. wr