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Talk about not catching a break....

Qualcomm: Another Headache
https://seekingalpha.com/article/4266053-qualcomm-another-he...

Qualcomm appealing FTC ruling
https://seekingalpha.com/news/3466050-qualcomm-appealing-ftc...

Looks like QCOM has more legal work ahead of it. I heard a CNBC commentator say that the court is ordering QCOM to license other manufacturers to produce it's patented products. I didn't think THAT was legal....

Share price went from $80+ to $68. Div 3.58%.

-srockaz
Long QCOM
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I guess they'll have more time to buy back stock at cheap prices now?

Jim
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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!

Vince
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Great, Vince! I'm glad it worked out for you. I learned this option lesson the hard way with calls that had tripled in value over maybe 6 months. It was a nice gain, but I thought more was coming, so I held on and held on and held on. The LEAPs had maybe 10 more months on them. Long story short, I rode that 200% quick gain to a $0. That really hurt, given the magnitude of the loss.

You remember that old joke about the man on his honeymoon who leaves his wife asleep upstairs in the hotel and goes down to the casino with $20 to try his luck? He's incredibly successful, hitting blackjack after blackjack and running his cash pile up to $10,000. Then he starts to lose hand after hand, but instead of stepping away while he's still up, he holds on and thinks his luck will change. He continues losing, and then finally loses his last dollar. Defeated and broke, he goes back up to his room, and his new wife asks him: "How'd you do?" And he says, "I lost $20."

Jim
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