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Biotech / Medical : TECHNE (Tech): "selling picks to gold miners"
TECH 77.31+1.2%Jul 12 4:00 PM EDT

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From: Lance Bredvold6/12/2022 10:01:41 PM
1 Recommendation

Recommended By
petal

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There is another option which I wish I'd thought of earlier. I had been planning to give away more appreciated shares of QCOM but the price had declined more than I think is reasonable. Given my belief that QCOM will be relatively stable and might even rise in price, and at the same time that TECH is unrealistically overpriced, I probably should have sent shares of TECH to my donees. But that plan is complicated also by the need to buy back some calls before I can transfer any shares out. I also have placed an order to buy even more QCOM at $130, but with futures down for Monday morning, I'm thinking I'll cancel or move that order down a few bucks until I see what happens to the price leading into the open.

The preference of offering TECH rather than QCOM is still valid even with prices in decline the last two days and futures down again for Monday. Also even though my cost basis is a smaller proportion of the QCOM than the TECH. Unfortunately, I must still mail directions to my TDAmeritrade accounts to have them send shares and that takes 4 or 5 days during which I simply cannot predict prices. Guess I should set up a fax account which would speed that up to a day or two. I did donate a few shares from an E*Trade account and that was done over the internet and only took a day or even less. I don't know why TDA is so cautious, but perhaps I should be glad they are.
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