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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Bretsky who wrote (30331)	8/23/2000 10:57:55 AM
From: Eric L	Read Replies (2) of 54805

Bretsky, << QCOM at $143. Now I only bought a few shares so it is a very small portion of my holdings, but I am looking at points add QCOM as well as others >> Since you have a small holding, and if you have confidence the wireless sector in general, and Qualcomm in particular, you might seriously consider averaging down at the "fire sale" price QCOM is at today. Wireless is clearly out of favor, today. Qualcomm is really out of favor. Qualcomm fundamentals have really not changed, since you purchased at $143. IMO, Qualcomm is the best pure wireless play out there, and wireless will not stay out of favor for long. Neither will QCOM. IMO, a QCOM purchase today, will NOT provide instant gratification, but I consider it a great long term buy and hold. Those are my thoughts ... - Eric -

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