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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Percival 917 who wrote (11628)11/3/2000 10:33:11 PM
From: Jim Willie CB  Read Replies (6) of 65232
 
there will be more QCOM's in the future
the technology future is now mushrooming with potential
in such an environment, expectations may get distorted
gauging whether they get ahead of themselves will ALWAYS be difficult

do you think the next skyrocket will be EASIER to read ???
it is never easy, always just as hard or harder

if RMBS rises 20-fold, will it be ahead of itself ?
if so, why?
if not, why not?
prepare now to answer
time might present such questions
I am working on these now, in my own primitive naive manner

QCOM ran up 165 pts in one day, from base of 520
THAT IS NO BIG DEAL
what? 35% in one day, not all that huge
today's RMBS move was 25%
bigger moves happen frequently, but with lower price basis

if I had time, I could provide a list of stocks that rose more than 35% in one day, a long list, and it would be replete with biotechs and electronic techs

you are blinded by the 165 pt move being a large number
big deal
how about when a $6 stock goes to $10 in a single day?
that is a much bigger move

more QCOM's coming for sure, I gaurantee it
technology has become awesome
what would happen to BRCM if it offered a $100 product that allowed broadband over standard telephone line?
it is coming

here is my dare: DONT GET OFF THE NEXT QCOM TOO EARLY
I suspect the temptation will be enormous to miss most of the run !!!

dont read any snotty attitude in this post
just stating facts as I see them
and the hullaballoo over QCOM which had a 520 price at that time
/ jim
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