SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 173.96+1.4%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jerry Miller who wrote (50888)11/18/1999 1:17:00 PM
From: Uncle Frank  Read Replies (7) of 152472
 
>> ok, is ridiculous taken?

I think Greg has been accurately representing the feelings and fears the many investors who are looking at numbers instead of fundamentals. Many of them are momentum players who have been attracted to Q due to its rapid price rise and upcoming split, and most of them have cost bases in the 220-360 range. Put yourself in the shoes of a ST investor who has purchased Q at 250 a matter of days ago and seen it appreciate by 40%. Friends and financial advisors are telling them things like, "it's never wrong to take a profit", or "what goes up must come down". Additionally, there is a large group of people convinced that Q will fill the gap between 224 (the closing price on 11/2/99) and 241 (the low price on 11/3/99). Q has never traded in the 230's, and market lore is very clear that gaps are always filled at some point.

The investors that only track numbers will not participate in the long term wealth generation of Q, while those who base their expectations on fundamentals, a group that includes short term pundits like JW and Voltaire, stand to prosper to a degree beyond the comprehension of the "feelings" and "numbers" crowd.

Greg's posts are not ridiculous when viewed in this light. They provide us insight into the feelings of what is probably the majority of investors.

jmho,
uf
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News