Diamond,
>>YOU RODE QCOM DOWN AND DIDN'T LEARN YOUR LESSON... You are not alone of course. A lot of folks (who also rode QCOM down from $200) were saying that PMCS, AMCC,<<
Diamond "old bud", your lesson learned BS is starting to get a little thin. QCOM reached $200 intra-day 1/3/00. Those of us that owned the stock rode it down 24 points in a few hours, I believe it closed at $176 that very same day or maybe the next. The real lesson came from watching all the timing experts bail out on the way up. The 2 year return on QCOM today is approximately 1000%. That's a ten bagger! Sure it could have been a twenty bagger a year ago, but only MarginalMike can pick an exact top. You could have could have (I'm studdering) sold on the way up and taken a double, or a triple, or a quintuple, but you would still have left cash on the table at todays price.
I must admit that I've traded this stock over the years, but for those shares that I bought in 1992, I have to divide the current price by 16 to figure my cost basis. THAT IS THE REAL LESSON!!!
Concentrate on your pre-school. It is the best investment you have ever made, for all of us.
Seriously hung over post!
Happy New Year
Pete
Ruff, I had a little Dago red last night. |
