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To: TobagoJack who wrote (72462)	2/10/2010 10:07:25 PM
From: Maurice Winn	2 Recommendations Respond to of 74559

TJ, if I bought QCOM now, I would be averaging UP, not down. UP by an order of magnitude. <mq would be averaging down on his qcom > It's excellent news that QCOM's price is going down because QCOM has lots of cash and the management likes to use it to buy shares of QCOM rather than pay it out as dividends. But they have been paying significant dividends so I have many Happy Meals of cash sloshing around and it badly needs something useful to do rather than just sit around waiting for a daily decimation by fiat dilution as Big Ben roars around the world with fleets of helicopters tossing out bales of bucks to anyone who'll take them. Mqurice

To: TobagoJack who wrote (72462)	2/11/2010 1:30:38 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

US 30-Year Bonds: 4.720%; 61.57% At High; Bid-To-Cover 2.36 (can any one explain what is "the auction tailed" ? to me it sounds more like FAILED!!) WASHINGTON (Dow Jones)--The U.S. Treasury awarded $16.00 billion in 30-year bonds at Thursday's auction at a high rate of 4.720%. Treasury's 30-yr bond came in at a yield of 4.720%, above the 4.681% just before the 1 p.m. auction, meaning the auction tailed. The bid-to-cover ratio is 2.36, below the 2.68 in Jan and the 2.45 in Dec. The average was 2.44 from the past four auctions. Indirects 29%, directs 24% (KNN/DLB) The Treasury received bids totaling $37.76 billion and accepted $16.00 billion, including $19.91 million of noncompetitive tenders. Meanwhile, the Federal Reserve purchased $1.80 billion in 30-year bonds for its account. The Fed held $9.10 billion in maturing bonds at the time the auction was announced. The bid-to-cover ratio, an indication of demand, was 2.36, Treasury said. Tenders submitted at the high yield were allotted 61.57%. The dollar price was 98.483611 and the coupon rate was set at 4.625%. The median rate was 4.640%; that is, 50% of the amount of accepted competitive bids were tendered at or below that rate. Of the competitive bids accepted, 5% were tendered at or below the rate of 4.536%. The issue is dated Feb. 15, 2010, and matures on Feb. 15, 2040. The CUSIP number on the 30-year bonds is 912810QE1.