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Non-Tech : The Critical Investing Workshop

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To: walkman_99 who wrote (30382)	8/23/2000 9:30:55 PM
From: pinhi	Read Replies (1) of 35685

Totally agree. The street only looking at the negative. I am still very long QCOM and it has hurt me badly. I too try to be a LTB&H investor. I also own CSCO for many years as well JDSU, NTAP, GLW etc. I wanted to overweight in the one that I thought would do the best-boy what a mistake, it did the worst. It now has an equal weighting because of market decline. Chart looked ugly and I knew it but I chose to not believe that beloved QCOM could go down much more. Stock falling last few days on increasing volume leads me to believe we could see mid to high 40s. We'll have to see if the stock can hold at 51 1/2. If it can, maybe a double bottom then we base for awhile. Hard for me to see 100 by years end-need to base. Sentiment can turn on a dime so we'll see. I hope I am wrong and you are right. I figure 1 1/2 times earnings growth rate of 25% based on a buck earnings for '00 gets us to 45. Again, hope I wrong. Sorry for rambling, Pinhi P.S. usually the longer the base the bigger the move.

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