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I like QCOM. Here is a safer way to enter the stock.

|Includes: Qualcomm Inc. (QCOM)

QCOM is in a slow but steady uptrend, but has been weak recently. I like the company long term on a fundamental basis. A good way to play QCOM may be to sell some near dated puts. If they get assigned, I get a better entry price than today's price. If they don't, I get paid and can redo the same trade next options cycle. 

QCOM Chart