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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 168.060.0%3:59 PM EST
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To: Scott Overholser who wrote (32648)6/19/1999 1:40:00 AM
From: Teresa Lo  Read Replies (1) of 152472
 
In general I think people are very emotional about their investments. I mean, it seems that it's very important for people to "get personal" with their stocks. They feel that their self esteem is somehow reduced by being wrong and they feel proud when they've been right. That's too much energy for me.

As a trader, I'm in the business of making money since I don't have a real job, so I just look at all instruments in the same way - if there 's no trade, then there is no need to bother.

I guess to each his own, but being overly biased is not always a good thing. And even Ben Graham would acknowledge that a great stock would not receive high multiples in a bad market, so some technical analysis, insofar as using it to analyze supply and demand (no astrology, no voodoo) is useful, in my opinion.

For those who wonder about TA as voodoo, here's my position - intelligentspeculator.com
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