The New Qualcomm - a S&P500 company Message Board

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Technology Stocks : The New Qualcomm - a S&P500 company

QCOM 174.01

-0.3%

Nov 14 9:30 AM EST

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To: Labrador who wrote (4690)	12/30/1999 11:14:00 AM
From: Mark Marcellus	Read Replies (1) of 13582

Are you indirectly saying we're foolish for holding our shares at this point? Not at all. These types of sell decisions are more related to personal comfort levels and overall portfolio considerations than they are to the investment itself. And if anyone here bought yesterday they did so, presumably, after full consideration of the facts and with full knowledge of the risks. That may or may not have been a mistake (I think it was, but I've been wrong before), but it's not foolish. The fools are those buyers at the margin who, based on a 4 digit number published by an analyst they had never heard of, jumped into this stock. Probably among them were also a few unfortunate short sellers who chose to jump in front of a freight train and hope it would stop. These are the fools who drove up the stock price.

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