Hi John: Good points about QCOM. Depends a lot on the type of investor. For example, you have probably seen my prior posts about QCOM all the way going back two months when I was perhaps the first on here to say I was getting out of QCOM. I believe some of my words were like "I ain't waiting on it anymore". I rolled out of QCOM two months or so ago and bought other techs, keeping my QCOM leaps, however.
My style, though, is more aggressive and with a shorter time frame than most. Like I said the other day, for me, I'll just wait to get back in QCOM until, if ever, there is momentum in it again. But, I still have a substantial holding in QCOM for long term hold in my father-in-law's account, my Mom's account, and my sister-in-law's account. With those accounts, given the objective is long term, we wait.... I don't really worry about QCOM in those accounts. Long term, QCOM is a winner.
So much of what we all post must be taken in the context of what objective is in mind. Each must weigh that against their time horizon, risk acceptance, and all the stuff. That is why I oftentimes remind folks when I post that my style is different than most, given my risk level is high and my positions aggressive. As you know, I say, "don't do what I do".... jokingly, but true as my style is not for everybody.
I see a lot of folks in great fear about their situation right now, especially with QCOM. So many on the Porch are totally dependent upon QCOM. Hate to see anyone have to sell right now but I know that has to happen sometimes given one's situation.
You make some very good points for the long term holder of QCOM. Shorter term objectives in mind would do better elsewhere than the Q I think.
BTW, I believe 2003 QCOM leaps come out Tuesday. Might present good possibilities to buy them instead of the stock itself. Just think of the possibilities 2.5 years from now....
Rambling...
Rick |
