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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 170.90-1.3%Nov 7 9:30 AM EST
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To: marginmike who wrote (60295)1/6/2000 9:06:00 PM
From: JohnG  Read Replies (1) of 152472
 
Mike Margin. At 140, it is just down 22% from the highest close at 179. If you had sold all at the peak you would be hit with 39.6% taxes and the problem of finding a reentry point. So, unless you purchased options and got lucky, holding through a quick bottom is not so bad. Probably you bould have missed the top and been even worse off.

This situation isn't so bad so long as it pops back up to 155 relatively soon.
JohnG
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