Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: AllansAlias who wrote (2738)	7/9/2000 4:39:45 PM
From: tekboy	Read Replies (1) of 436258

I have no informed opinion of the Q. As an impassioned observer I was struck by the following three things: 1. The faith people were showing in the good Dr. and the management. 2. The assumption that the story is far better than the market is discounting. 3. The clown-like approach to trading the Q, i.e., "Buy it and grow rich." perhaps if you had an "informed opinion of the Q" you would understand why intelligent people have "faith...in the good Dr. and the management," why they believe "the story is far better than the market is discounting," and why they believe that buying and holding the Q over the long term is a sensible way to go about increasing one's wealth. The fact that lots of other people have been and still are irrationally exuberant about lots of things says nothing about whether that is happening here with Qualcomm as well; your mistake is a classic example of what is called the ecological fallacy, reasoning blindly from a group (bullish tech investors) to specific individuals within the group (Qualcomm investors). Nothing, by the way, that boning up on Q (the moderated thread is the best place to start) couldn't help you with... tekboy@ridi,pagliacci.com

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