What is your strategy going forward? Unload all at $60 and never look back? Serious replies please.
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OP: Depends on your situation. If you are an employee, and own either stock or fully vested options, and can afford to wait, I'd do it. If you have left QCOM or are getting kicked and you have a limited amount of time to exercise options at a time when the stock is lower than you'd expected, sell enough to pay the taxes and hold the rest until the next spike. If you are a bit of a gambler, hold it longer. I would never pay the taxes on the forced sale or buy stock on margin. Made that mistake years ago, and my employer, a start-up suddenly decided to implement "cost-cutting measures," which, unfortunately included failing to pay employee salaries. Things turned out okay; but at the time, it was a hard lesson. And since things are "uncertain" at QCOM, it would be wiser to play it conservatively.
Sold today at 57.76 (after hours trade). I'm all done, held on to ESPP too long :(
good luck finding a tech stock where insiders don't sell
Insiders and institutions have been unloading the stock. Check yahoo.com
* call spread */ on ticker *** with expiration Jan 201
If you really want to buy, buy @ $45
The only "safe" play is to be a central bank. I know, I know, the market has never plunged by 40% before. Don't hedge. Max leverage
It all depends on what you think the next earning release and the forward looking statements will look like, come 11/4?
Sell half at 60. Or don't sell unless you need the money. I think the prospects for the Q are good. The prospects for workers, not so good. I don't need the money right now so I am holding. I have the opposite problem. I sold a lot of other stocks in March, and I am sitting on cash and don't really know what to do with it. I would pay off a mortgage, but I have no mortgage anymore.
hopefully you guys put all your margin assets into Glencore and deutsche bank.
Value added by free money from the FED.
Market seems to be recovering.. If you sell now, make sure you invest it back immediately in other safe plays.. There are lots of stocks now, that yeild good dividend and are priced very well..
I am actually buying on Margin, hoping to sell off all my Q, by end of the year
wait for barry to pull out of the stock? that's the money shot! (sorry not serious. that's what you get for asking stock trading advice on an anonymous layoff forum)