I just bought QCOM at 69 7/8, 10% of my money. Also placed limit orders, same $ amounts, at 5-point intervals down to 50. I changed my mind, and bought today, because:
1. good news, important for the longterm story.
2. the stock is sharply up, on volume on this news. that is, the market is responding to good news, which it hasn't done for a while.
Obviously, in retrospect, I should have held what I bought earlier at 60, and set limit buy orders every 5 points down from that level, which means I'd now be holding some I bought at 55. It looks like I was a bit late to the party, and the admission price has gone up. However, it took me this long to decide it was going to be a good party, and you pay for certainty. I knowingly make that trade-off in my decision-making.
Warning: I will continue to post any fear, uncertainty, and doubts I have about the stock, even though I am now a stockholder. Any posters who are going to be angered by anything other than "Go Q!!!!!!!" cheerleading posts, please just use the Ignore button. |
