Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.31

+1.9%

Jan 5 3:59 PM EST

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To: Uncle Frank who wrote (75434)	7/6/2000 12:04:40 PM
From: Jacob Snyder	Read Replies (1) of 152472

You could easily be right. I've learned the hard way to know what I don't know. I don't really know where or when the stock will bottom. But I think I know when a stock is fairly valued (60, for QCOM). So, I'll hold what I recently bought at 60 1/16 (even though I think we're probably going lower short-term), and buy in increments (every 5 points) till wherever the bottom is. If buying the dips gets me too heavily into the stock (20% in any one stock is my max comfort level), then I may lighten up some on the rallies, trying to lower my average cost basis. The two stocks on your list I own are the two that went down the least (MSFT and QCOM). Of course, the reason they went down the least today is because they have already had their valuation compressed severely this year. Quality companies at the bottom of their valuation range, with a lot of short-term (less than 12 months) bad news in the stock, are the safest to own, and that's where my money has migrated this year. I just wish a few more on the gorilla list would go out of favor like QCOM has, so I could buy them.

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