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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 176.67+1.6%Nov 12 3:59 PM EST

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To: marginmike who wrote (65321)1/31/2000 12:18:00 AM
From: Boplicity  Read Replies (1) of 152472
 
I respect you need to take profit, it's only paper unless you sell it, which you did. Now, you have to decide when to buy back in, that could be more torture then worry about your profit since you cost basis will be so high, you will not be able let it ride like used to do. You could buy back in only to see that buy go negative then sell thinking you are cutting loses, only to buy it back higher then you when you sold it the first place, tortured by the swings that are sure to happen. There is a rule that some players use, something on the order of the following, "Once you sell you should walk away, and not have sellers remorse." Their are too many other stocks buy then to be chasing one the will be dead for most the year like I think QCOM will, weighed down from last years outside gain. Unless of course that is what you want. I mean no disrespect in this post I'm only using your situation as an example of what I have seen happen to others and myself for that matter so maybe someone can learn from it and not make the same mistake.

Greg

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