Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 177.78

-2.2%

Jan 9 9:30 AM EST

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To: Gabriel who wrote (54912)	12/18/1999 7:50:00 AM
From: Sig	Read Replies (4) of 152472

Hi Gabriel: <<< Re Thought 300 was too high >>> 37 years ago I reviewed my investments and found I had been selling those that moved up( to take profits) or because they "seemed" too high - and keeping those that had moved down with the results that I kept the garbage. Since then I have tended ( there can be no rules) to eliminate the poor performers as soon as they are clearly losers only for that reason and not because I 'needed' the money. By doing that with many stocks since 1996 it gradually put me mainly into Dell. Buy a stock, it dosen't perform as expected, goes down, sell it, put 1/2 the money in Dell, and try another new stock. Ended up 98 % in Dell An example was CPQ in 1997. I bought it only because of the first split and it did well. Sold it on the split date and when it moved up I re-bought it. Bought it again when they declared 2 nd split whereupon it went to &**l so I dumped it all and put money in Dell A few times in the past I have also sold some Dell but by 1996 learned not to do that as it always cost me $7/sh more to get back in- sometimes even in the same day it was sold (hehe). The same concept applies to Aol and Yhoo in that I would ride those up, take some profits when they got outrageously high, and dump the rest when they definitely started down. IN Feb Dell went down so fast there was no time to get out so I only sold enough to clear up the margin. Had to keep much anyway because of the low entry point some at 27 cents. Started buying Qcom in March and adding to it as it went up. It hurts to pay more each time, but as long as its moving better than others, keep buying. Am still buying Q today Summary Qcom appears to be a winner. Its not time to sell any. Can reach $600 equivalent after the split. Perhaps more. Investing is a fearful operation. In a rising market it is proper to be more afraid of missing a winner than of losing 20% ( provided one can afford that) Sig

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