Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.65

+1.5%

3:59 PM EST

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To: waverider who wrote (89357)	12/7/2000 12:56:25 PM
From: Uncle Frank	Read Replies (4) of 152472

>> when some upstart like me starts suggesting a stock is overpriced, you wince. I wince more when one of my stocks tank, and upstarts like you can buy it on the cheap <lol>. >> the a proper entry point can do wonders for one's portfolio Sure, but how do you know? Take a peek at Cisco's graph: finance.yahoo.com There were a HUGE drop in 1994, and someone who bought at the highs would have been devastated if they were investing with a short term window. But anyone who bought at any time in 1994 and held as briefly as 24 months would have realized an incredible return. Imho, deciding when to sell has much more importance than deciding when to buy. >> The same goes for NTAP. I don't know what price you felt was appropriate for the stock, but it seems to me an entry at in the sub $50 range was preferable to a $100 price. If we've judged the importance of ntap's innovation and the durability of it accurately, $100 will seem like a bargain basement price by 2002. Consider that a mere 16 months ago, I bought my starter position at 13 3/16. >> I also feel it is important to learn from our experience with QCOM this past year. What I've learned is that 7 months is too short a time line to measure the viability of an investment and predict its potential for returns over the long haul. >> watching one's portfolio get creamed AGAIN in the same year... The best solution is not to watch. Seriously, I think most of us spend too much time anguishing over daily/weekly/monthly price fluctuations. >> I think it prudent to consider planning exit strategies. The other lesson I've learned this year is that portfolio management is every bit as important as stock picking. If you/I had practiced some rational degree of diversification, the volatility in Q's pricer would have been much easier to bear. uf

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