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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 169.27-4.8%3:59 PM EST

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To: Jacob Snyder who wrote (81039)9/21/2000 4:57:35 PM
From: gh  Read Replies (1) of 152472
 
I think you bring up some interesting points in your post. I have been working hard to develop an investing strategy that works for me, including time horizon, (I probably don't have as many shopping days left as some <g>), whether I want to invest LTB&H, trade or both, how much risk I want to take and when to fold 'em.

I've been a gger since July '99 simply because it works for me. But my game plan has evolved as I got bruised a bit this year. I went into January 2000 thinking I should not have diversified into six stocks, although Qcom was by far my largest holding. But I sure was glad not to have all my eggs in one basket when QCOM plummeted short term. I now know some diversity, say 8-12 stocks, helps me sleep at night. (Well that and a glass or two of red wine in the evening <g>.)

The other thing I've been thinking a lot about is valuation. For me it does matter. I don't have to get the lowest price, but now I watch the stock's movement a while before deciding what I'm willing to pay. I've never done a market buy and probably never will. It doesn't suit my temperament. Besides, I'm usually cutting it pretty close money-wise when I put in a buy. And for what it's worth, (probably not much <g>), I've been buying QCOM on the dips too. But I know I can't time the market.

I think each of us has to find out what works best for us.

gh (very long QCOM)
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