Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.35

-0.4%

Dec 4 3:59 PM EST

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To: jazzcat2000 who wrote (63658)	1/23/2000 9:31:00 PM
From: Ruffian	of 152472

WSJ-Mailbag> To the Editor Qualcomm rose 35% upon the prediction of an investment guru that its high would be $1,000. This shows the complete lack of logic that prevails in the investment community . In every trade, there has to be a buyer and a seller. The seller may have various motives for selling, but the purchaser buys with the expectation that the stock would rise. Only a masochist or a complete idiot would buy, knowing this is the top. A "price goal," as most financial advisers put it, therefore has to be a complete illusion, and any sale at the top pure luck. WALTER M. GERHOLD Osprey, Florida

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