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Non-Tech : The Critical Investing Workshop
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To: RR who wrote (15787)4/21/2000 11:31:00 PM
From: Whistler30  Read Replies (2) of 35685
 
rr5;

One bull present and accounted for.

Like many I'm concentrated in JDSU and QCOM and so I've done a lot of soul searching lately, finally paying off my last tidbit of margin.

I've read everything I could get my hands on about these two companies since I started investing in them a year ago and when I reexamine the issues I find nothing fundamental has changed in either.

As an aside, something I've observed over the years - when ever I've sold a position out of fear I've become a trader rather than an investor and that fundamentally altered my perception of the investment. I start second guessing myself and that leads me to jump in and out with every bit of news or rumor. That's why I think that a stock is little like a person; if you leave it you should probably walk away from it forever.

So why am I staying long? It comes down to a simple mathematical analysis: 3 or 4 years from now am I likely to be ahead by holding companies like JDSU and QCOM or by selling them now, going to cash, buying a cyclical or Dow stock with 10% average growth, in the end searching for similarly compelling stocks that can deliver the same compound growth? I don't think any of those alternatives make as much sense in the long term. Even in the worst-case doomsday scenarios (P/E's of 5, food riots in San Jose and Sad Diego, etc.)being propagated everywhere I believe that tech growth stocks like JDSU and QCOM will still grow into their valuations and increase from there. Either way IMO I'll be ahead.

For a bullish QCOM analysis click the links below:

clubs.yahoo.com

clubs.yahoo.com

Regards

Whistler
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