You continue to be one of the most emotional "investors" I have ever seen on SI. You said:
"you can't just sit here and be in denial and expect this stock to regain it's former luster, unless the current story changes and frankly, I just don't see that happening. Do you?"
Don't you get it at all, Greg? You are a momentum guy thru and thru. I have held Msft for over a decade, and orcl, and csco nearly that long and 20 others for years. What I simply attempt to do is buy when values are low, and trim back and raise cash when things are too high. I rarely sell out entirely. You are way to smart for us buy and hold types. I mean, The Forbes 400 is littered with guys like you who sell out of positions when the market is too high, and buy back when things get cheap and do this over and over again, pay the taxes and end up with billions. I think that at least 100 of the 400 richest Americans have done this drill, right?
Yes, at some point qcom will regain its luster and you are now on record as a NEVER vote. I don't know when it will happen: all I know is Qcom under 100 fits my valuation criteria. The more under 100, the more attractive it is. While I wait, maybe for years, hopefully my other 40 or so positions will do well enough to make me some money.
Short sighted? Greg, what will Qcom be worth in 10 years? When I held JDSU thru the drop while you pummeled it, I thought in term of what there earnings will be in 5 years. It appears you think in term of minutes. |
