Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: Jacob Snyder who wrote (80254)	9/13/2000 8:46:18 PM
From: Uncle Frank	Read Replies (2) of 152472

>> It may not make much difference to you whether your average cost basis is 10 or 100, but it makes a great deal of difference to me. And that is true, even if (especially if) the stock will eventually go to 500. An order of magnitude difference in the acquisition cost would certainly make a huge difference, but you've been focusing on finding the very bottom of a range between 55 and 60. If the stock eventually goes to 500 the difference would be between an 809% return or a 733% return. I contend that that doesn't represent much of a difference, or at least not enough to justify the risks you take each time you're out of the stock at these low levels. Perhaps I'm basing that on my experiences of going through the huge upward gaps of last year, but who is to say that won't happen again? uf

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