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To: Art Bechhoefer who wrote (6626)	8/11/2010 11:11:54 PM
From: Rich Bloem	Respond to of 8618

Art, all I can say is Amen brother. Nice post. However, there are some investors that trade and I understand that, but for a LTBH your advice is right on. You buy on fundamentals and you sell on them.

To: Art Bechhoefer who wrote (6626)	8/12/2010 11:39:08 AM
From: manalagi	Read Replies (1) \| Respond to of 8618

Art, the warning is not company specific. The author looks at the entire market indicators which will cause the market to go down. seekingalpha.com We have discussed that LTBH does not work for QCOM for the past 5 years. We are a few of the lucky ones to have invested in QCOM in the early days.

To: Art Bechhoefer who wrote (6626)	8/15/2010 4:00:00 AM
From: seti	Read Replies (1) \| Respond to of 8618

There seems to be a desire to sell now, take capital gains while the current preference exists, and then buy back the shares on the theory that an increase in long term capital gains tax will materialize. What if it doesn't? And what if, in the meantime, QCOM finally begins moving steadily up to $55 or $60, while those who sold early patiently wait for the stock to return somewhere near where it is now? I don't see how it's possible for the stock to move "steadily up to ... while those who sold ... wait ...". Without advocating whether one should do so, the premise is to pay the tax early. That means it was sold for a gain. There is no wash sale in effect. So the stock could be sold and then bought back the very next second. Now it is the case that one would have 15% less cash with which to buy back, which is perhaps the more important factor, if one expects the stock to rise. Additionally if one had other stock losses exceeding the $3000 loss limit, it could make sense to sell for gain (and then buy back immediately if so desired) the amount necessary to avoid any net carryover loss.