With all due respect, I suggest you may need to get less emotionally involved with your stock. Take it from me, and I have learned the hard way. My losses (including MCOM) are usually in stocks where I let the analysis go and the emotions in.
As for the substance of your post, I still don't think it was anything about performance. It's a moot point but time will tell. The MCOM technology has gotten rave reviews. It was the business plan and marketing that failed and failed miserably. I don't think QCOM had anything to do with MCOM's failure. If you really believe that QCOM had anything to do with MCOM or that QCOM will be more successful because of the failure of MCOM's business plan, no amount of anti-dilusional medicine or my words will convince you, so let's just end this one debate with
Feel good - you were right on MCOM and I was wrong.....
Personally, I felt that Paul Allen's backing would supplement a poor business plan. Live and learn. Obviously, whatever credibility PA had with the investment world has shrunk to the level of an SI poster.
As for QCOM, it's not a bad company. It's another speculative venture where billions can be made and lost on the whim of such things as patent rights and global political winds. I have traded it both ways, actually quite successfully. I have not held onto QCOM for long runs, missing much of the move up and all the move down. (I did short it briefly a couple of times for several points.)
I wouldn't want to have a high percentage of my portfolio in QCOM. If the Chinese don't like the way some QCOM engineers wear their dogo or bow, then QCOM will be suing in the Chinese equivalent of Judge Judy or maybe better The People's Court for their share of $$ from that great network QCOM shareholders are counting on. They will need one heckofa Johnnie Cockringson lawyer or a couple of A-bombs to get anything other than a pittance for their huge investment. Look what they did to Jr. Bush. They shot down our plane, made us apologize and then made us take it apart so we couldn't fly it out of there. I guess we won that one and saved face.
Rather, now's the time to stay away long term from the 100 P/E specs unless you're trading or allocating a relatively small part of your holdings. QCOM is over-valued and if the bear continues to beat his mighty chest, as I suspect will happen for a bit longer, you will have to hold longer to get a decent return. |
