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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 178.29-1.6%Dec 12 9:30 AM EST
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To: waverider who wrote (94852)2/28/2001 3:08:37 PM
From: Uncle Frank  Read Replies (1) of 152472
 
I decided it was a good time to reallocate from qqq and unproven gorilla candidates into certified gorillas, which I feel will be the first to recover when we finally bottom. Basically it was an arbitrage move. I traded qqq and cree for more ntap, sebl, and qcom, which will be long term positions. I'll also use them as ammo for covered call writing as they command outstanding premiums.

Note, my game plan is to remain fully invested. In no way am I implying we've seen a bottom. I'll leave that call to the ta gurus.

uf
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