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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.54-1.2%3:59 PM EST

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To: waverider who wrote (78038)7/28/2000 4:49:51 PM
From: Jacob Snyder  Read Replies (3) of 152472
 
Almost got some at 60 today. Maybe tomorrow. Glad I lightened up at 68 3/4. I took a loss (bought at 70, and it's a wash sale), but now I have money (actually, margin ability) to buy back at 60 and 55.

Worst-case scenario (everything possible goes wrong, and gets the worst possible spin), QCOM hits 40 this year. I can handle that. Nothing has happened to make me change my 150 price target for 2003.

I do all my buying on days like today, when the fear/uncertainty overwhelms Mr. Market. He's a manic-depressive with no long-term memory.

JS@finallyirrationallyexuberant.com
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