Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

Nov 21 9:30 AM EST

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To: JGoren who wrote (72613)	5/27/2000 12:56:00 PM
From: LBstocks	Read Replies (1) of 152472

DJ Edward Jones' Skrainka: Focus On Long-Term Strategies Dow Jones News Service ~ May 26, 2000 ~ 6:02 pm EST NEW YORK (Dow Jones)--The way to play the market in a bear market is to stay focused on long-term goals, said Alan Skrainka, chief investment strategist at Edward Jones. "Investors should stay the course because every bear market has been followed by a bull market," Skrainka told CNBC in an interview Friday. It's very important to look at the opportunities to buy as prices move lower because the outlook can change quickly, he added. Skrainka said investors should jump in when leaders in the industries are trading at attractive prices. Investors should also buy interest rate-sensitive stocks as their prices move lower because those stocks will bounce back the fastest when the tide turns, he said. Skrainka likes Qualcomm Inc. (QCOM) and thinks that the majority of the damage has already been done to its stock. He also likes Cisco Systems Inc. (CSCO), Oracle Corp. (ORCL) and Sun Microsystems Inc. (SUNW) and thinks investors should dump eToys Inc. (ETYS) and CDNow Inc. (CDNW), which he says are companies that don't have business prospects. -By Donna Fuscaldo; Dow Jones Newswires; 201-938-5174 (END) DOW JONES NEWS 05-26-00 06:02 PM

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