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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 182.19+3.5%3:59 PM EST
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To: Teresa Lo who wrote (82723)10/8/2000 8:22:15 PM
From: Robert Rose  Read Replies (1) of 152472
 
<What is the trigger to pick up the phone or to click the mouse? >

Sometimes momo, sometimes lack thereof. It is so complex. And I am not trying to cop out here.

For example, during the new econ bubble (early 98-early 00) I was ST trading based largely on momo as long as I believed fundamentals supported the underpinnings (a little laughable in hindsight, I know... <g>). (And needless to say, I made a bundle on qcom. :))

Finally, after quite a rude awakening ;), I changed my investment strategy in 5/00 to longer term investment and only 50%, not 100% investment in new econ stocks. (Duh!). Re cent events were suggesting that while the fundamental changes in our economy still warranted a (very) bullish attitude toward new econ equities LT, simple technicals such as 50 and 200 ma's did not.

So it is not that I am unaware of technical trends in the market by any means, but just that I don't pretend to have or even want to develop the expertise to time them so precisely.

A portfolio that can account for the vagaries of this crazy market, yet still plan for the returns of this unfolding new economy, while still trying to minimize high-bracket tax ramifications in such a high income tax state (read: I want some LT capital gains <g>) are what I am currently striving for.

(Sorry about the imprecision. But it's somehow managed to work pretty well so far. :))

ps. You sound like a good trader. It's a very hard thing to do. Rob
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