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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 175.89+0.9%11:55 AM EST

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To: samim anbarcioglu who wrote (89285)12/6/2000 10:35:31 PM
From: Hector  Read Replies (2) of 152472
 
Samim,

My answers to you and others on this board:

I am not short this stock, but have owned it when I considered it to be at a reasonably safe entry level. What most of the posters on this page are missing is that the daytrading community loves this stock and will ride it because of its great volatility. When they abandon it, the way they did with Dell, watch out. Did anybody bother to check today's huge volume and the wide range in price, a close near the low, and what the implications are?

This stock is not suitable for shorting because of its volatility, just like SEBL and others.

Most public investors lose all their gains from their individual stock holdings made in the previous bull market because they don't know how to cash in their profits. Mutual funds are quite suitable for these folks because they take away the selling decision from the individual.

I have no hidden agenda. I'm in the money management business, so its in my self-interest for the market to be bullish. However, since I have responsibility for the monies my clients entrust to me, I have to have an independent view of the markets without letting wishful thinking make market decisions for me.
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