Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 172.29

-2.2%

3:59 PM EST

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To: waverider who wrote (94889)	2/28/2001 7:46:15 PM
From: Uncle Frank	Read Replies (1) of 152472

Thanks for the advice, Rick. I know you offer it with complete sincerity. You're in the process of establishing a more flexible orientation to your own investing style, and I appreciate that it's easy to view ltb&h as unnecessarily rigid. But when I review the lessons of history and the assumptions that led to my adopting ltb&h, as I do frequently, I have yet to find the flaw in identifying, buying, and holding great companies, provided you continue to monitor and confirm the soundness of their competitive advantages and the viability of their end markets. It's an awkward strategy to defend in times like these, but I don't expect the extreme contractions will last indefinitely. And until the wheel turns, as it always does, I find the prospects of steady income from covered calls comforting. uf

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