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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (19590)3/9/2000 10:54:00 AM
From: KY  Read Replies (3) of 54805
 
"For these reasons, I have used the "Russian Army" approach to Qualcomm and sold my total position out at 125 this morning."

Lindy, for someone such as myself with a more long term buy and hold approach I trully can't understand this move at all. QCOM appears to be digesting most of it's recent gains right now and may be forming a solid base between 120 and 130. While it may be a while before the Q launches again, I think this is the perfect time to BUY not sell...especially for a bonafied gorilla. IMHO, much of the Q's risk has been wrung out while the risk/reward ratio of your "white hots" is much higher. Your approach is the epitome of buy high, sell low.

To each his own. You are riding the mo-mo wave...hope you have life preserver.

Good luck.

KY
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