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Jim, et al,
This is where the wisdom of the process is underscored. Recall I had set up a leveraged synthetic long position on QCOM when the buybacks were announced. The stock then obediently tanked but then shot up after the settlement with APPL was announced. I cashed out with a nice gain and again, the stock obediently rose even higher. Your thought then was to be happy with a certain double or triple vs. a potential home run. Glad I didn't get thrown out at the plate! Many thanks!

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