Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.35

-0.4%

Dec 4 3:59 PM EST

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To: R.V.M. who wrote (58504)	12/31/1999 11:29:00 AM
From: im a survivor	Read Replies (1) of 152472

<<Would it be worth it in a tax-free account to sell today, and bet that Monday selling would let one pick up shares more cheaply? RVM>> I suppose if you firmly believed it was going to correct a decent amount, but I personally would not take the chance on something with so much momentum. A couple weeks ago I decided to daytrade 1/3 of my position when we were bouncing from $360 - $400. $400 was tough to cross. I did very well selling and buying back $25 - $30 cheaper.Well, it busted thru $400 and at $450 I thought it would pullback so I didnt buy back the shares. Needless to say we are now $300 higher in 2 weeks. I still hold the other 2/3 and AM NOT SELLING. You take a helluva chance with this kind of demand and momentum of having to buy back higher. Since this is such high quality I find it better to let it sit and do it's thing. Good luck

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