Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 166.81

-4.1%

3:59 PM EST

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To: Lynn who wrote (48409)	11/8/1999 12:03:00 AM
From: JGoren	Read Replies (1) of 152472

You are absolutely correct; it is pyschology. I practically begged a close friend to put 10 grand in the Q when it was around 100/share. She didn't want to buy a hundred dollar stock.I tried to explain that a 30% rise in the stock is the same dollar increase whether the shares cost $20 or $100, to no avail. Another friend put $10,000 at about the same time on my recommendation, purchasing just 90 shares at $109/share. His $10,000 investment is now worth about $24,000. He is a happy camper, indeed.

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