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

To: Art Bechhoefer who wrote (128957)	5/12/2003 8:03:40 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 152472

Of course, if the stock drops to, say, $30, then the best choice might be the stock itself, on margin if need be. Perhaps. Folks who thought like that 12 months ago however, probably got a margin call when it fell to 23... it's easy to get hurt on margin if there are spikes in volatility. If you think a purchase at 30 is marginable, then you might contemplate buying the 05 Jan 20 LEAPS calls at $13.70 or so. At 6% interest, the $20 you don't spend will earn $2.04 in interest over the next 20 months. Compared to the $2.58 in time premium, pretty low. John