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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 166.05+0.6%Nov 19 3:59 PM EST
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To: Mike Buckley who wrote (35405)7/17/1999 1:35:00 AM
From: waverider  Read Replies (1) of 152472
 
>>>Just beware that if things are so obvious, they usually have been factored in.<<<

>>>>I disagree. That's awfully close to the efficient market theory, from whose inefficiencies I am often fortunate to benefit.<<<<

Mike we are on a roll here. Look, I don't debate that you can make money on a great stock like Q which is still undervalued in my book and especially since the momentum guys are on our side. But the second you start thinking you can time tomorrows move, you will eventually make a mistake...and it will probably be a big one because you'll be so confident over past success. You can lose all those earlier gains and then some.

Inefficiencies happen all the time, agreed...like back in August and October...and when Q was at $70 pre split. But those of us who have been with the Q for more than 3 years made very little headway during that time by convincing ourselves that the market was "inefficent". If the Ericsson thing came out differently or dragged on another year (and it very well could have)...none of us would be so smart right now.

Just keep the emotions in check and hang on to the great companies. Let the gamblers play the prediction games.

Rick
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